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June 22, 2006
Report: Lord & Taylor Finds Buyer
Federated Department Stores is poised to announce that it is selling Lord & Taylor to NRDC Equity Partners, WWD reported Thursday.
NRDC, based in Purchase, New York, invests in companies in the retail, leisure, lodging, and commercial real estate sectors.
Although a purchase price has yet to be released, L&T was valued last month at around $1.2 billion.
Posted by Blacks on June 22, 2006 08:54 AM
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