[Merged] Hudson's Bay Company may be sold again
Lord & Taylor owner in talks for Hudson's Bay
The owner of Lord & Taylor has been in talks to take over Hudson's Bay Co., a move that could lead to the quintessentially American department store retailer setting up shop in Canada, sources said.
NRDC Equity Partners of Purchase, N.Y., which owns the 47-store U.S. chain, already has an interest of about 20 per cent in HBC, which runs the Bay, Zellers and Home Outfitters, sources said. Richard Baker, chief executive officer of NRDC, has been thinking of opening stores outside of the United States, he told a conference recently. Canada was one of the countries on his radar.
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The owner of Lord & Taylor has been in talks to take over Hudson's Bay Co., a move that could lead to the quintessentially American department store retailer setting up shop in Canada, sources said.
NRDC Equity Partners of Purchase, N.Y., which owns the 47-store U.S. chain, already has an interest of about 20 per cent in HBC, which runs the Bay, Zellers and Home Outfitters, sources said. Richard Baker, chief executive officer of NRDC, has been thinking of opening stores outside of the United States, he told a conference recently. Canada was one of the countries on his radar.
Link to story:
http://www.reportonbusiness.com/servlet ... _mostemail