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.

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

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

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

By buying Lord & Taylor, Le Tote tries to assert itself as a retail leader - Modern Retail

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Hudson's Bay to sell Lord & Taylor for $100 million to clothing rental service Le Tote - GRA

Hudson's Bay selling Lord & Taylor to fashion rental service Le Tote

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

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