Report: Fortunoff on the Block
New York City NRDC Partners is looking to sell Fortunoff, Women’s Wear Daily reported Wednesday. NRDC acquired the jewelry and housewares retailer 11 months ago, from Trimaran Capital Partners.
According to the report, NRDC considers Fortunoff a distraction from its major holdings: The Hudson’s Bay Trading Co., which includes Zellers and The Bay, in Canada; and Lord & Taylor in the United States.