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The final sale price is aboutf $1.1 billion, or $840 millioh after taxes, Federated said in a news release. N.Y.-based NRDC, which is a partnership of and real estatedeveloper , plans to continue operating Lord & Taylor as an upscale fashion retailer. The Lord & Taylor stored were originally part ofMay Co., which Federater acquired in 2005. The chain, with 48 has locations in New New York, Illinois, Massachusetts, Connecticut, Virginia, Michigan, Pennsylvania, Missouri, Delaware, Floridaw and the District of Columbia. Federated (NYSE: FD) operatee more than 850 department storee and 720 bridal and formalwear stores in 49 the Districtof Columbia, Guam and Puertl Rico.
Cincinnati-based Federated has four Macy's stores in the Memphias area and onein Jackson, It also has two David's Bridal stores in the Memphis
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