Fortunoff Possibly on the Block Again
January 22, 09
The owners of jewelry retailer Fortunoff are possibly looking for a buyer. According to Women's Wear Daily, NRDC Equity Partners “is focusing talks on one potential buyer.”
NRDC bought Fortunoff in early 2008 after it filed for Chapter 11 bankruptcy protection. The investment firm said at the time that it plans to invest some $100 million in Fortunoff, including adding new stores
Women's Wear Daily attributed the report on the possible sale to anonymous sources, adding, “A deal could be announced within a couple of weeks, but there is no guarantee.”