Berkshire Hathaway Purchases 3 Million Shares in Macy's
Greg Abel, newly appointed CEO of Berkshire Hathaway, has acquired a stake in Macy's (M), marking the first time the company holds shares in the department store retailer. The stock is trading at a P/E ratio of 10 and shows signs of recovery with improved sales performance across its brands.
Topics: Berkshire Hathaway Macy's retail transformation stock purchase