(Reuters) - Bankrupt home furnishings retailer Linens ‘n Things’s small but profitable Canadian chain has attracted two suitors, Hudson’s Bay Trading Co and private-equity firm Hilco Consumer Capital, the New York Post reported.
Hudson’s Bay Trading Co, controlled by New York real estate firm NRDC Equity Partners, is in talks to buy the 37 Linens ‘n Things stores in Canada, the paper quoted sources as saying.
The Clifton, New Jersey company has also been in talks with Toronto-based Hilco Consumer Capital on a possible plan to save the Canadian stores from liquidation, the paper said.
The paper said it was not yet clear if the Linens ‘n Things stores would be converted to Home Outfitters stores, the Canada-based local competitor to Linens ‘n Things operated by Hudson’s Bay.
Linens ‘n Things, Hudson’s Bay and Hilco Consumer could not be immediately reached for comment by Reuters.
Reporting by Savio D'Souza in Bangalore; Editing by Paul Bolding