Wednesday, July 18, 2007

Macy's could be back on the block

Just when the rumors about Macy's start dying down, they pick up again. But this time the suitor is not Andrew Lampert but KKR. Or so reports the AP this morning. According to the story, if KKR buys they will keep current management in place, so hopes of Chicagoans seeing the Marshall Field name back are probably not high. It will be interesting to see how this one plays out, especially with the value of Macy's dirt that is out there.