Tuesday, October 03, 2006

Lord & Taylor Sale Completed

Chain Store Age

Cincinnati - Federated Department Stores completed the sale of its Lord & Taylor division to NRDC Equity Partners of Purchase, N.Y. The final sale price was adjusted to $1.08 billion from the previously announced price of $1.2 billion because of certain lease agreements with the buyer, Federated said.

The Lord & Taylor division includes 48 stores in nine states and the District of Columbia.

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