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Lord & Taylor in Talks to Buy Fortunoff

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Lord & Taylor, the venerable New York City retailer, is in talks aimed at acquiring Fortunoff, a Long Island institution that has been struggling in the last few years, a source close to the matter said yesterday.

The talks had been ongoing for some time, but broke off about two weeks ago and have since resumed, the source said.

"Lord & Taylor got up and left the table two weeks ago," the source said. "But they've come back to the table, maybe thinking they're going to get a better price" for Fortunoff, which is considering filing for Chapter 11 bankruptcy protection, according to a report this week in Home Furnishings News.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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