Investment companies Arkhouse and Brigade Capital offered to acquire Macy’s, an American department store chain, for $6.9bn. The offer was rejected. In light of the board’s concerns, as well as the lack of compelling value in their non-binding proposal, Macy's has determined not to enter into a non-disclosure agreement or provide any due diligence information to Arkhouse and Brigade. Arkhouse threatened to bring the matter directly to Macy’s shareholders if talks do not pick up. On July 4, 2024, the offer price was raised from $6.6bn to $6.9bn.