in August 2019 by Le Tote, a San Francisco-based clothing subscription company. Under the terms of the deal, Le Tote effectively operates and manages all stores, though Hudson's Bay Compnay retained partial ownership.
"Following an extensive review of strategic alternatives, Le Tote's leadership and innovative approach is the best path forward for Lord & Taylor, its loyal customers and dedicated associates," Helena Foules, CEO of Hudson's Bay, said in a press statement at the time. "For HBC, this transaction builds upon our previous bold actions, further enabling us to focus on our greatest opportunities, Saks Fifth Avenue and Hudson's Bay.
If you're a Lord & Taylor employee with a story to tell, contact this reporter at via email at bbiron@businessinsider.com or by encrypted messaging app Signal at +1 768-4706 using a non-work phone. Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.
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