Who else could bid on Macy's?

There East unlikely has be a lot retailers Or funds interested In bid For Macy's Inc., but A possible tenderer could be Sycamore Partners.

Two sources said WWD that Sycamore, A New Based in York private equity funds specialization In consumer, distribution And retail-related investments with about $10 billion In AGGREGATE engaged capital, East look Macy's For A possible offer. THE sources believe Sycamore has THE means And has raised debt, despite THE difficult loan climate, In preparation For What could be A all in cash offer has buy THE retailer. Following year, interest rates are likely has be more favorable has Mergers and Acquisitions activity.

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"He East THE most able has to pull disabled that agreement," said A source, referent has Stephane Kaluzny, manager director of Sycamore Partners.

Spokesperson For Macy's And Sycamore both decreases comment Friday on THE speculation.

If Macy's Inc. became A private business as part of THE Sycamore wallet, THE private equity farm could to safeguard millions of dollars by eliminate THE Macy's advice And THE dividends. There could be further savings through consolidations And synergies with other retailers In Sycamore wallet, including Belk, THE Charlotte, Based in N.C. department store chain all along THE South.

Of bigger call East Macy's extensive real domain assets. Sources noted has WWD that executives has Sycamore to have become more listening has THE value behind retail real domain. However, contrary to other private equity businesses, Sycamore gets implied In Operating retailers And has A track save of holding on retail brands For several years, instead that join has A short calendar For purchase And sell.

Speculation around A Sycamore-Macy's attach come In THE wake up of THE $21 per share offer For Macy's by Arkhouse And Brigade Capital Management. That offer, estimated has $5.8 billion, East weak, offer A little prime, particularly with THE action doping After news of THE offer emerged. Macy's action farm Friday has $19.71, up 9 cents, Or 0.46 percent. Macy's generated about $24 billion In sales last year.

Other companies with track recordings For invest In retail are Leonard Green & Associates, Bath Capital And Texas Peaceful Group.

A new Macy's Inc. owner could decide has sell disabled pieces of THE business, such as Bloomingdale's Or blue mercury, as GOOD as retail boxes, car park areas And warehouses possesses by Macy's has more that to recover What could be paid For THE entire business. In A five years period, Macy's raised $2 billion through real domain sales, including loss several prime downtown properties. Research companies to have put Macy's real domain value Since roughly $6 billion has $11 billion.

Sycamore has has been building up It is retail wallet And has has been more aggressive This year. In September, Sycamore struck A agreement has buy Chico's SAF Inc. For $1 billion. Last August, THE farm shape A new holding business called THE Knit well Band, including It is Anne Taylor, Attic And Talbots retail brands, which combined generate more that $3 billion In annual sales. And In FEBRUARY, Sycamore completed It is acquisition of Lowes canadian retail business, which amended It is name has Rona Inc. He works Or services about 450 business And independent affiliate Merchant stores below several banners, including Rona, Lowes, Réno-Dépôt And Dick Lumber. Sycamore has investments In other retailers including Staples, Torrid And Hot Subject.

A lot Belk stores are In secondary markets Or Macy's do not to have A location, And a few could be converted has Macy's new speciality format, which was initially called Walk by Macy's but East changing It is name has just Macy's. There are 12 small format Macy's Operating And another 30 are expected has open In THE following two years. Belk stores are of variable sizes, a few of which would be adjust In THE on a small scale Macy's concept.