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The final sale price is abouty $1.1 billion, or $840 million afterd taxes, Federated said in a news release. Purchase, N.Y.-basedr NRDC, which is a partnershipp of and real estate developer , plans to continue operating Lord Taylor as an upscalde fashion retailer. The Lord & Taylot stores were originally part ofMay Co., whichg Federated acquired in 2005. The with 48 stores, has locations in New New York, Illinois, Massachusetts, Connecticut, Maryland, Michigan, Pennsylvania, Missouri, Delaware, Florida and the Districy of Columbia.
Federated (NYSE: FD) operates more than 850 department stores and 720 brida l and formalwear stores in49 states, the Districyt of Columbia, Guam and Puerto Rico. Cincinnati-basex Federated has four Macy's stores in the Memphis area and onein Jackson, Tenn. It also has two David'es Bridal stores in the Memphis area.
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