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July 17, 2008
NRDC Snaps Up Canadian Retailer Hudson Bay Co.
NRDC Equity Partners just bought Canadian retailer Hudson Bay Co., opening the door for NRDC to expand its Lord & Taylor assets further north.
Hudson Bay owns several retail operations, including Bay department stores and Zellers, a discount chain. The purchase gives NRDC the opportunity to convert some key Bay units to Lord & Taylor operations.
The equity firm also announced that it has appointed former Ralph Lauren Corp. exec Jeff Sherman to lead Hudson Bay Co. Sherman has held the title of CEO of Polo Retail Group as well as CEO of The Limited stores.
Posted by Blacks on July 17, 2008 10:38 AM
