NEW YORK–NRDC Equity Partners, parent of Lord & Taylor, is said to be eyeing Canadian retailer Hudson’s Bay Co., parent of the Bay department stores and Zellers, the mass mercahnt, according to published reports.
Richard Baker, chief executive officer of NRDC, sits on Hudson’s Bay board of directors and holds a stake in the retailer.
Calls to Hudson’s Bay and NRDC were not returned at press time.