Department store chain Lord and Tailor has been boosted by a US$60m lifeline cash injection from owner NRDC Equity Partners, reported the New York Post.
The retailer, which operates more than 45 stores in the US, needs the funds after a disappointing Christmas period and continued pressure from lenders, according to the newspaper.
Federated Department Stores, now Macy's, sold the Lord & Taylor chain to NRDC for nearly $1.1bn in October 2006.
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