| HBC owner may buy Linens ‘n Things |
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| Written by Business Wire (PR) | |
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TORONTO - The U.S. owner of Hudson's Bay Co. (HBC) is reportedly negotiating the purchase of the Canadian division of insolvent home furnishings retailer Linens ‘n Things.
Reuters reported this week that Hilco Consumer Capital, a Toronto-based private equity firm, is also interested in finding a way to salvage the Linens 'n Things stores in Canada. The U.S. parent went into bankruptcy protection last spring. According to the report, NRDC Equity Partners of Purchase, New York, which acquired HBC this summer, already owns other home furnishings chains, including Home Outfitters in Canada and Fortunoff in the U.S. A spokeswoman for NRDC is quoted as saying its retail division "consistently reviews acquisition opportunities that can potentially add value to our existing portfolio of brands." |
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