Tuesday, 12 May 2020

“Czech sphinx” makes big bet on Macy’s

Czech billionaire Daniel Kretinsky has acquired a 5-percent stake in Macy’s, with plans to work with management to turn around the struggling retailer as it prepares to reopen its stores. Kretinsky, who has a net worth of about $3.4 billion and recovered from a coronavirus infection in March, is known as “Czech sphinx” for his inscrutable demeanor. He first built his fortune in the energy business, and his Energetický a průmyslový holding is now one



source https://therealdeal.com/2020/05/12/czech-sphinx-makes-big-bet-on-macys/

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