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.

Why Le Tote Is Buying Lord & Taylor

Lord & Taylor - Wikipedia

Lord & Taylor sold to 'endless closet' dotcom

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 clothing rental service Le Tote

Hudson's Bay sells Lord & Taylor for $100 million

Le Tote has three years to figure out how to save Lord & Taylor

Lord & Taylor, under owner Le Tote, opens SoHo holiday pop-up shop

Lord & Taylor to close 24 store locations