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.

Lord & Taylor, Once-Grand Department Store, Files for Bankruptcy - WSJ

Iconic but troubled Lord & Taylor sold to clothing rental subscription company Le Tote

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

Lord & Taylor sold for $100 million to rental clothing company Le Tote

Hudson's Bay to Sell Lord & Taylor for $100 Million

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Lord & Taylor sold for $100 million to clothing-rental company Le Tote - CBS News

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Lord & Taylor gets sold to rental startup Le Tote for $100M

D2C Brand Le Tote Scoops Up Lord & Taylor For $100M 08/29/2019