Macy's, one of the world's
largest fashion retailers and the
largest U.S. department store
chain by sales, has about 885 outlets, most of them Macy's and
upscale Bloomingdale's.
Peltz's investment arm, Trian Fund Management LP, owns
large stakes in a variety of major American businesses including
upscale jeweler Tiffany's & Co., food company H.J. Heinz Co. and fast - food
chain Wendy's / Arby's Group Inc., of which Peltz serves as chairman.