Activist investor Barington Capital has assumed a position in Macy’s (M) and plans to push the company to make changes to boost its slumping stock, including the creation of a separate real-estate unit within the company, The Wall Street Journal’s Lauren Thomas reports. Barington plans to disclose its position in a PowerPoint presentation to Macy’s shareholders that was viewed by The Wall Street Journal and is expected to be published on its website later Monday. The exact size of the stake couldn’t be learned. Barington has teamed up with property-owner Thor Equities on its investment, according to the presentation.
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