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.

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

Report: Lord & Taylor to Return as Online-Only Retailer in April - Retail TouchPoints

Lord & Taylor Files for Bankruptcy as Retail Collapses Pile Up - The New York Times

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

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

Hudson's Bay Company to sell Lord and Taylor to Le Tote for nearly $100M - National

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Inside Le Tote's $100 million bet to rebuild Lord & Taylor

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Lord and Taylor to be sold to Le Tote for $100 million

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

Clothes-for-rent business moves into the mainstream - The Boston Globe

Inside Le Tote's $100 million bet to rebuild Lord & Taylor