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R H Macy Co

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BUSINESS
January 22, 1986
The stores are located in the Kansas City, Mo., metropolitan area and in Wichita and Topeka, Kan. Terms of the acquisition were not disclosed. The sale apparently was designed to help Macy's management finance its proposed $3.5-billion leveraged buy-out of the New York-based retailer. Dillard Department Stores and Macy's said they expected to complete the transfer of the stores in about six weeks. The sale will leave Macy's with 83 stores.
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BUSINESS
March 23, 1995 | CHRIS WOODYARD, TIMES STAFF WRITER
Creating an Eve to match their Adam, R. H. Macy & Co. executives are expected to announce today that they plan to open a Bullock's for Women store in the shuttered I. Magnin building in Fashion Island. The new operation will be a few miles from a companion Bullock's for Men store, the company's highly successful venture at South Coast Plaza in Costa Mesa. The conversion comes as retailing giant Macy seeks to find new uses for the remaining 12 units of the I.
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BUSINESS
July 2, 1994 | From Times Staff and Wire Reports
Federated Presents Merger Proposal to Macy: Federated Department Stores executives presented the plan to the board of R.H. Macy & Co., but Macy's board made no decision on the offer. It will convene again next week on the matter.
BUSINESS
December 9, 1994 | From Associated Press
R.H. Macy & Co. cleared its final hurdle before exiting from bankruptcy when a federal judge on Thursday approved a plan for the renowned retailer to merge with Federated Department Stores Inc. "I've signed the order of confirmation," U.S. Bankruptcy Judge Burton L. Lifland intoned just before 1 p.m. EST at a hearing, effectively ending Macy's nearly three-year refuge from a legacy of big debts.
BUSINESS
June 27, 1994 | From Times Staff and Wire Reports
Cyrus Vance's Role as Macy Mediator Extended: Vance, appointed in March as mediator for R.H. Macy & Co.'s bankruptcy proceedings, had his term extended until Sept. 30. Federal Bankruptcy Judge Burton Lifland extended the mediation contract for Vance and Simpson Thacher & Bartlett, the law firm he works for, which was set to expire last week.
BUSINESS
November 30, 1994 | From Times Staff and Wire Reports
Federated Shareholders OK Macy Takeover: The company's acquisition of R.H. Macy & Co. was approved at a special shareholders meeting. Federated Department Stores Inc. said 98% of shares voting approved the takeover, which is expected to be completed in late December or early January. The Macy and Federated boards agreed in July to the merger, with Federated assuming $4.1 billion in Macy debt.
BUSINESS
November 19, 1994 | GEORGE WHITE and DEBRA GENDEL, TIMES STAFF WRITERS
R. H. Macy & Co. went ahead Friday with plans to discontinue its financially troubled I. Magnin retail operations, despite an offer by a grandson of the chain's founder to buy the 12 remaining Magnin stores. As expected, Macy announced it will phase out the tradition-rich Magnin retailing name while converting four existing Magnin sites--including the Woodland Hills store--into different specialty stores. Liquidation sales were set for the Newport Beach store and seven other sites.
BUSINESS
November 19, 1994 | GEORGE WHITE and DEBRA GENDEL, TIMES STAFF WRITERS
R. H. Macy & Co. went ahead Friday with plans to discontinue its financially troubled I. Magnin retail operations, despite an offer by a grandson of the chain's founder to buy the 12 remaining Magnin stores. As expected, Macy announced it will phase out the tradition-rich Magnin retailing name while converting four existing Magnin sites--including the Woodland Hills store--into different specialty stores. Liquidation sales were set for the eight other sites.
NEWS
November 18, 1994 | GEORGE WHITE, TIMES STAFF WRITER
R.H. Macy & Co. will announce plans today to phase out the 118-year-old I. Magnin chain by putting eight of the 12 I. Magnin stores up for sale and establishing different specialty stores at the remaining sites. I. Magnin stores will continue to operate for now.
BUSINESS
July 30, 1994 | DONNA K.H. WALTERS, TIMES STAFF WRITER
R.H. Macy & Co. and Federated Department Stores filed a joint $4.1-billion reorganization plan Friday as the first step in a process to pay back Macy's creditors and by year's end bring Macy out of bankruptcy and merge the two companies into a retailing behemoth. The plan calls for the creditors to be paid through a combination of cash, debt and issuance of approximately $1.1 billion worth of new stock in the combined company. It would settle about $4.7 billion in claims.
BUSINESS
July 2, 1994 | From Times Staff and Wire Reports
Federated Presents Merger Proposal to Macy: Federated Department Stores executives presented the plan to the board of R.H. Macy & Co., but Macy's board made no decision on the offer. It will convene again next week on the matter.
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