Eric on The Road

Journeys into the offbeat, off the beaten path, overlooked and forgotten - by Eric Model

Wednesday, July 16, 2008

Lord & Taylor Owner Buys Hudson's Bay (CanWest)

From The Canwest News Service:

Canwest News Service
Published: Wednesday, July 16, 2008

TORONTO - Hudson's Bay Co., Canada's oldest retailer, has been bought by the U.S. parent company of the distinguished Lord & Taylor chain.

The acquisition by NRDC Equity Partners of Purchase, N.Y., which unites North America's two oldest department stores under the same corporate structure, will see upscale Lord & Taylor launch 10 to 15 stores throughout Canada.

http://www.financialpost.com/story.html?id=38fc7500-30ca-43e4-bb24-db2ca1baaee0

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