Macy's: Terry Lundgren
Wisdom From The Top with Guy Raz
The Biggest Acquisition of All Time
Federated, which would soon become Macy's, was going to be the biggest retailers in the US and the world. We bought the company for $11 billion, but we relatively soon were able to sell off $8 billion worth of assets. I sold by sold Lord and Taylor for $1.2 billion within a year,. And then I sold David's bridal for another 800 million sold duplicate stores because May Company and Federated had stores in the same mall.
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