Macy’s Investors Mount $5.8 Billion Buyout Bid

An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy’s private, after stiff competition from online rivals took a big bite out of its value, according to a person familiar with the matter on Sunday.

Arkhouse Management, a real-estate focused investing firm, and Brigade Capital Management, a global asset manager, submitted a proposal to acquire the Macy’s…