New York City NRDC Equity Partners, owner of Lord & Taylor and Fortunoff, is pursuing Hudsonâ€™s Bay Co. of Canada, according to a Womenâ€™s Wear Daily Report.
The move would link North Americaâ€™s two oldest department stores, the report said. The Bay started in 1670 as a fur-trading company, while Lord & Taylor set up shop in 1826 in lower Manhattan.
NRDC already has about 20% stake in Hudsonâ€™s Bay.
The report also indicated that NRDC may be considering other possible acquisitions as well.