By  on July 27, 2009

Fortunoff could soon be back in business.

The home furnishings and jewelry chain was liquidated last winter by owner NRDC Equity Partners. But last week, the Fortunoff and Mayrock families, who owned and operated Fortunoff for four generations, purchased back all the intellectual property, including the Fortunoff brand name, trademarks, customer lists, software, domain names and copyrighted material for $1.8 million. The deal was with the NRDC-controlled Fortunoff Holdings. NRDC also owns the Hudson’s Bay Trading Co. retail group which includes Lord & Taylor, The Bay and Zellers.

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