Fitch assigned a BBB- rating to Macy's notes as Bluemercury was assessed in the context of Macy's overall business strategy.
1 report, 1 independent
Updated Jul 15
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Fitch assigned a BBB- rating to Macy's notes as Bluemercury was assessed in the context of Macy's overall business strategy.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Macy's Inc. is returning to the department store business after a 60-year hiatus, operating through core brands including Bluemercury.Also in this story
- L'Oréal acquired Kering Beauté and secured fragrance licenses for Bottega Veneta and Balenciaga, while Macy's named Alex Choueiri CEO of Bluemercury.
- Macy's relies on high-income shoppers at Bloomingdale's.
The entities involved
-
Bluemercury
chain of American beauty stores
-
Fitch Group
American credit rating agency
Nothing else this week.
Coverage
Newest first; wire copies grouped- WWDMacy’s Inc. Refinances and Eases Debt Load Macy’s Inc. is refinancing to ease its debt obligations. On Monday, Macy’s said that a subsidiary would offer $500 million worth of unsecured senior notes d