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Macy’s sells back stake in The Knot
New York City --- The Knot, a media company that targets brides-to-be and pregnant women, said Monday that Macy's has sold back its 10.7% stake in The Knot for $37.7 million.
The Knot did not give a reason for the repurchase and said it is part of a previously announced $50 million buyback plan.
The sale doesn't affect the companies' advertising and wedding registry agreements: The Knot will continue to direct wedding-minded readers to Macy's and Bloomingdale's registries, and Macy's will keep advertising in The Knot's media properties. -
Report: Toys ‘R’ Us considers $800 million IPO for April
Wayne, N.J. -- A New York Post report on Saturday said that Toys “R” Us is considering an initial public offering in April to raise around $800 million, although a final decision has not been reached.
The retailer shelved IPO plans in 2010; it has not commented on the latest report that IPO talks have resurfaced.