Posted AT 2:29 PM EST on 16/07/08
Lord & Taylor owner modernized fading chain
Richard Baker, whose firm NRDC Equity Partners is the new owner of Hudson's Bay Co., is no stranger to historic brands.
In 2006, NRDC, led by Mr. Baker, 42, bought Lord & Taylor, the storied chain of high-end department stores based in New York, for $1.2-billion (U.S.).
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