The newly rescued Fortunoff chain is in for a big growth spurt, and that means expanding far beyond the jewelry-and-housewares retailer's traditional New York stomping grounds. Bought out of bankruptcy in a $110 million deal that's expected to close this week, the Fortunoff business is poised to double in size over the next five years, its new owner, NRDC Equity Partners, told The Post. Fortunoff's annual sales are currently estimated at $450 million.

Read Full Story