By  on October 4, 2006

NEW YORK - Christina Johnson, who was president and chief executive officer of Saks Fifth Avenue from 2000 to 2003, has joined NRDC Equity Partners LLC as partner and managing director of retail and consumer investments.

The move reflects NRDC's growing interest in acquiring retail companies. On Tuesday, NRDC closed the deal to buy Lord & Taylor from Federated Department Stores for $1.083 billion. In February 2006, NRDC closed on its acquisition of Linens ‘N Things, which was purchased with Apollo Management.

Johnson will be responsible for managing the NRDC's retail businesses and advising on potential acquisitions. She will also serve on the board of directors for Lord and Taylor.

Richard Baker, president of NRDC Equity Partners,said in a statement: “Christina Johnson brings a wealth of knowledge and resources to our company. Her relationships within the retail community and overall expertise in consumer marketing will be a powerful asset for us to grow our acquired businesses as well as building our portfolio.”

Johnson, who was the first woman in the history of Saks to hold the ceo post, said: “I am excited to join Richard and his team at NRDC Equity Partners. The retail industry continues to evolve at a rapid pace and our team is at the forefront in identifying investment opportunities."

NRDC Equity Partners is a joint venture between Robert C. Baker and his son Richard A. Baker, principals of National Realty & Development Corp., and William Mack and Lee Neibart, partners of Apollo Real Estate Advisors, L.P.

For complete coverage, see tomorrow's issue of WWD.

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