Macy's has reportedly been approached about a takeover by Canadian retailer Hudson's Bay

Macy’s has received a takeover offer from Canadian retailer Hudson’s Bay according to a report from the Wall Street Journal.

According to the Journal’s Dana Mattioli, Suzanne Kapner, and David Benoit the talks are preliminary and a deal is not assured, citing sources close to the matter.

Hudson’s Bay is also the owner of Saks Fifth Avenue.

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