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Jana Partners takes stake in Macy’s, calls for ecommerce spin-off

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An activist shareholder has taken a stake in Macy’s Inc. and is urging the famous retailer to part ways with its fast-growing e-commerce business, people familiar with the matter say.

Jana Partners LLC sent a letter to the company’s board on Wednesday urging them to separate the online unit, which generates around $ 8 billion in annual revenue, the people said.

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