Report: NRDC Looks to Hudson’s Bay
New York City NRDC Equity Partners, owner of Lord & Taylor and Fortunoff, is pursuing Hudson’s Bay Co. of Canada, according to a Women’s Wear Daily Report.
The move would link North America’s two oldest department stores, the report said. The Bay started in 1670 as a fur-trading company, while Lord & Taylor set up shop in 1826 in lower Manhattan.
NRDC already has about 20% stake in Hudson’s Bay.
The report also indicated that NRDC may be considering other possible acquisitions as well.