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 sells Lord & Taylor for $100 million
Lord & Taylor to close 24 store locations
Lord & Taylor sold to 'endless closet' dotcom
Le Tote to buy HBC's Lord + Taylor for $100 mln
After nearly 200 years, Lord & Taylor is going out of business - The Boston Globe
Le Tote Bought Lord & Taylor to Save It, but Both Are Bankrupt
D2C Brand Le Tote Scoops Up Lord & Taylor For $100M 08/29/2019
Hudson's Bay Company to sell Lord and Taylor to Le Tote for nearly $100M - National
Clothes-for-rent business moves into the mainstream - The Boston Globe
Lord + Taylor Sold For $100 Million: What Does It Mean For The Retailer?
Hudson's Bay to sell Lord + Taylor for $100 million
Lord + Taylor Sold to Fashion Rental Retailer Le Tote for $100 Million