Lord & Taylor, one of the most iconic department stores in America, is being acquired by a clothing rental company

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Fashion subscription service Le Tote has acquired luxury department store chain Lord & Taylor for $75 million.

As part of the agreement with Hudson's Bay Company, Lord & Taylor's parent company, Le Tote will now effectively operate all remaining 38 stores and online businesses. "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.

As part of the agreement with Hudson's Bay Company, Lord & Taylor's parent company, Le Tote will now effectively operate all remaining 38 stores and online businesses. "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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MAGA

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines