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.
Hudson's Bay to Sell Lord & Taylor for $100 Million
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Lord & Taylor selling to Le Tote for $100 million
Lord & Taylor Files for Bankruptcy as Retail Collapses Pile Up - The New York Times
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Inside Le Tote's $100 million bet to rebuild Lord & Taylor
Inside Le Tote's $100 million bet to rebuild Lord & Taylor