Find in the news:
BY COUNTRY

Startup Bought a Legendary Chain of Department Stores Lord & Taylor for $108 mln



Le Tote, a fashion rental service, has closed the deal to buy Lord & Taylor from Hudson's Bay Company.
Lord & Taylor department stores

Le Tote, a fashion rental service, closed the deal to acquire Lord & Taylor, a legendary chain of department stores from Hudson's Bay Company in Canada, with an annual revenue of $1.4 billion. The transaction amounted to $75 million in cash, plus $33.2 million in promissory notes payable two years later. 

The deal included 38 operating department stores in the United States, as well as rights to the Lord & Taylor brand and various online sales channels. As part of the deal, Hudson's Bay Company will receive a small stake in Le Tote's business and focus on developing its network of 90 department stores of the same name in Canada. Previously, HBC had already sold the online store Gilt and the department store chain Galeria Kaufhof. 

It is known that the new owner plans to open department stores Lord & Taylor in a new, reduced format and will review the concept of the existing store chain. Le Tote also plans to launch the service of renting dresses for subscriptions in the areas of department stores and increase the opportunities for online sales. Founded in 2012, the company specializes in the provision of clothing rental services for 79 dollars a month. 

More about shopping malls in Canada



YESTERDAY, USA:
American classic clothing brand Brooks Brothers with 200 years of history will be sold to a group of investors.
YESTERDAY, USA:
As early as August 20, AMC network plans to reopen the doors of more than 100 cinemas for viewers after quarantine.
DAY BEFORE YESTERDAY, United Kingdom:
Superdry's turnover fell by almost 25% and the company's management had to turn to banks for a multi-million dollar loan.
Aug 11, 2020, Japan:
The Japanese division of the company has decided to allow visitors not only to drink a cup of coffee but also to work with comfort.
Aug 11, 2020, USA:
McDonald's Corporation has initiated legal proceedings against the former head of the company, Steve Easterbrook.
Aug 10, 2020, Belgium:
A funny case took place in an IKEA hypermarket in Belgium, where the husband and wife pretended not to know each other.
Friend
and Follow
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us