Does the Lowy family still own Westfield?
Descendants of founder Rowland Hussey Macy no longer own or manage Macy's, which operates as a publicly traded corporate entity governed by institutional shareholders and an independent board of directors. While the historic family name remains permanently attached to the legendary department store brand and its famous nationwide holiday parades, corporate ownership transitioned away from family control decades ago through public stock offerings and major business acquisitions.
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