Macy’s Names New Director, Open to Engaging With Arkhouse (1)

Macy’s Inc. is nominating a new director to its board to add real estate expertise as the company faces a takeover approach from a group led by Arkhouse Management Co.

The retailer put forward Douglas Sesler, founder and president of the real estate investment and development firm Fair Street Partner, to stand for an election as a director, it said in a statement Thursday. Sesler was head of real estate for Macy’s from 2016 to 2021.

“He has a long track record of success in leading and implementing value-generating real estate portfolio management strategies and transactions,” Macy’s Chief ...