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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.

© 2014