M&A Deal Summary

Macy s Acquires May Department Stores Company

On February 28, 2005, Macy s acquired retailer May Department Stores Company for 17.0B USD

Acquisition Highlights
  • This is Macy s’ 2nd transaction in the Retail sector.
  • This is Macy s’ largest (disclosed) transaction.
  • This is Macy s’ 2nd transaction in the United States.
  • This is Macy s’ 1st transaction in Missouri.

M&A Deal Summary
Date 2005-02-28
Target May Department Stores Company
Sector Retail
Buyer(s) Macy s
Deal Type Merger
Deal Value 17.0B USD

Target

May Department Stores Company

St. Louis, Missouri, United States
May operated 491 department stores under the names of Famous-Barr, Filene's, Foley's, Hecht's, Kaufmann's, Lord & Taylor, L.S. Ayres, Marshall Field's, Meier & Frank, Robinsons-May, Strawbridge's, and The Jones Store, as well as 239 David's Bridal stores, 449 After Hours Formalwear stores, and 11 Priscilla of Boston stores. May was formed in 1910.

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Buyer(S) 1

Buyer

Macy s

New York, New York, United States

website

Category Company
Founded 1830
Sector Retail
Employees123,000
Revenue 25.3B USD (2022)
DESCRIPTION
Macy's storefront on Michigan Avenue in downtown Chicago.
Macy's storefront on Michigan Avenue in downtown Chicago.

Macy's is a large retail company that sells a variety of clothing and home goods through department stores and online. The company operates the Macy’s and Bloomingdale’s brands with about 840 stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy’s and Bloomingdale’s; the macys.com and bloomingdales.com websites, and 13 Bloomingdale’s Outlet stores. Macy's was founded in 1830 and is based in New York, New York.

DEAL STATS #
Overall 2 of 4
Sector (Retail) 2 of 4
Type (Merger) 1 of 1
State (Missouri) 1 of 1
Country (United States) 2 of 4
Year (2005) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-19 Liberty House

Hawaii, United States

Liberty House is a retail chain that operates 11 department stores and 7 resort and specialty stores in Hawaii, along with additional store in Guam.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-22 Lord & Taylor

New York, New York, United States

Founded in 1826, Lord & Taylor is an upscale specialty department store, with 48 stores in 9 states and the District of Columbia. Lord & Taylor has built a reputation for attentive customer service and high-quality merchandise focused on apparel and accessories products for women, men, and children.

Sell $1.2B
Mergr

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