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Lord & Taylor quietly deleted social accounts amid bankruptcy rumors - Business Insider

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Lord & Taylor quietly deleted its Instagram and Twitter accounts amid reports the department store is eyeing bankruptcy options

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.

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