 On 16 July 2008, the company was sold to NRDC Equity Partners, a private equity firm based in Purchase, New York, which already owned Lord & Taylor, the oldest luxury department store chain in the United States.The Canadian and U.S. holdings were transferred to NRDC Equity Partners' holding company, Hudson's Bay Trading Company, as of late 2008.In June 2019, a consortium including chairman Richard Baker, Rhône Group, WeWork, Hanover Investments (Luxembourg) and Abrams Capital Management announced that it wanted to take the company private.