Le Tote news and archive

Le Tote and Lord & Taylor begin going-out-of-business sales

It is the end of an era for Lord & Taylor. The iconic luxury department store has commenced its going-out-of-business sales in its 38 brick-and-mortar stores as well as its e-commerce site. The retailer and its parent company Le Tote filed for Chapter 11 reorganization early this month, and has since been in pursuit of a buyer. "While we are...

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Management

US department store chain Lord & Taylor files for bankruptcy

US luxury department store chain Lord & Taylor has filed for bankruptcy, becoming the latest retail casualty of the Covid-19 pandemic. The company filed for Chapter 11 protection on Sunday, according to documents from the US Bankruptcy Court for the Eastern District of Virginia, along with its owner, French fashion rental subscription service Le...

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Retail

Lord & Taylor returns to NYC, but only for the holidays

Even though Lord & Taylor shuttered its historic New York City flagship on Fifth Avenue at the start of 2019, the department store is returning to the city for the holiday shopping season. The Lord & Taylor holiday pop-up will be open for two weeks in December in a 2,400-square-foot space in the city's Soho neighborhood, in an area that features...

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Management

Hudson's Bay Company sells Lord + Taylor to Le Tote

Hudson’s Bay Company (HBC) has announced completion of the sale of Lord + Taylor to Le Tote, Inc., a fashion rental subscription service, for 99.5 million Canadian dollars (75 million dollars) in cash and a secured promissory note for 32.2 million Canadian dollars (25 million dollars) payable in cash after two years, subject to customary...

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Management|ANALYSIS

What’s in it for Le Tote?: Lord & Taylor’s acquisition

New York – Hudson's Bay Company (HBAYF) has announced it has sold Lord & Taylor brand to Le Tote, Inc., a fashion rental subscription service, for 75 million dollars. The deal, originally expected to close at 100 million, signals a new era for the oldest US department store chain. "Since founding Le Tote, it's been our mission to push the...

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Management

Hudson’s Bay to sell Lord & Taylor for 100 million Canadian dollars

Canadian retailer Hudson's Bay Company (HBC) has announced it is selling luxury department store chain Lord & Taylor to fashion rental subscription service Le Tote in a 100 million dollar deal. The deal will see Le Tote acquire the Lord & Taylor brand and related intellectual property while assuming operations of its 38 stores, digital channels...