By A Mystery Man Writer
In a surprising move, Hudson’s Bay Company is selling the storied Lord & Taylor chain, which dates to 1826 in New York, to fashion rental subscription startup Le Tote for a relatively cheap $75 million upfront, and another $25 million via a promissory note in two years.
Le Tote Bought Lord & Taylor to Save It, but Both Are Bankrupt
Lord & Taylor sold to 'endless closet' dotcom
Lord & Taylor department store chain has been sold
Lord & Taylor's final sale: Who will buy all that real estate? - Marketplace
Iconic but troubled Lord & Taylor sold to clothing rental subscription company Le Tote
Lord & Taylor Files for Bankruptcy as Retail Collapses Pile Up - The New York Times
Le Tote has three years to figure out how to save Lord & Taylor
Lord & Taylor to be sold to Le Tote - RetailWire
Lord & Taylor selling to Le Tote for $100 million
Le Tote Acquired Lord & Taylor Because it's Cheaper to Buy Than Build
Lord & Taylor Leadership Looks Cautiously To The Future
What Le Tote Buying Lord & Taylor May Mean for Department Stores