FOR FINKELSTEIN AND ULLMAN IT'S BREAKFAST AS USUAL

Byline: D.M.

NEW YORK--In a strange twist to the R.H. Macy saga, former Macy chairman Edward S. Finkelstein and soon-to-be-former chairman Myron E. Ullman met for breakfast Friday at the Mark Hotel here.
What makes the meeting all the more ironic is that Ullman was recruited to Macy's by Finkelstein in 1988 and returned the favor by dethroning Finkelstein in April 1992--three months after Macy's went bankrupt. Since the breakup, sources said, the two have been blaming each other for Macy's financial woes and for Federated's takeover. "There's no way they'll ever work together," said one source.
Neither would comment on the conversation--or even on what they ate--but a Macy's spokeswoman said, "It was their once-every-two-years breakfast together, just to say hello. Nothing more. Nothing future-oriented whatsoever. No business plans were discussed."
However, Finkelstein reportedly has been looking to drum up more business for his consulting firm, Finkelstein Associates, and his son's trading company in Hong Kong, called Wisetex Ltd., and has been calling on many of his former associates. Finkelstein also has The American Place, a sportswear store on Beijing Road in Guangzhou, China. He recently acknowledged it has an uncertain future.
Ullman will become vice chairman of the combined Federated/Macy's when the merger is consummated, which is expected to be in December. He will leave that post on Jan. 31 and continue as a Federated director until May 19.
After Ullman leaves Macy's, said the source, "He's certain to land a position of great influence."

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