Le Tote Buying Lord & Taylor from Hudson's Bay for $100 Million

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 to Le Tote for $100 Million - Bloomberg

Hudson's Bay to sell Lord & Taylor for $100 million to Le Tote

Le Tote Buying Lord & Taylor from Hudson's Bay for $100 Million

Hudson's Bay Sells Lord & Taylor for $100 Million

Lord & Taylor department store chain has been sold

Lord & Taylor Department Stores Sold For $100 Million To Rental Clothing Company - CBS Boston

Lord & Taylor - Wikipedia

What Le Tote Buying Lord & Taylor May Mean for Department Stores

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Le Tote to acquire HBC's Lord + Taylor brand for $100m