Czech billionaire takes 5% stake in Macy’s

A Czech billionaire who also happens to be a professional soccer team owner is reportedly looking to shake things up at Macy’s Inc.

Daniel Kretinsky of Vesa Equity Investment made a “strategic investment” in Macy’s with plans to “engage in constructive discussions with management and the board of directors,” according to a regulatory filing, reported the New York Post. Kretinsky, 44, heads up one of the largest energy companies in Europe, called Energeticky a prumyslovy holding, and has stakes in French newspaper Le Monde and Metro AG, a large German food service company, according to the report.

He is also an owner of the Sparta Prague soccer team and worth an estimated $3.4 billion, according to Forbes.