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



TODAY:
The brand unveiled two significant retail landmarks in Paris.
YESTERDAY, USA:
The luxury brand has recently unveiled its latest retail venture.
Jul 12, 2024, India:
Crocs has entered into a strategic partnership with Apparel Group India.
Jul 11, 2024, USA:
Italian luxury brand Brioni has expanded its presence in Texas with the opening of a new store in Houston.
Jul 10, 2024, Canada:
Best Buy Canada is set to make a significant expansion into smaller communities across Canada.
Jul 9, 2024:
Forever21 initiated its exit from Colombia by shuttering its flagship store in Bogotá.
Friend
and Follow
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
South Coast Plaza GLA:2 800 000 SF
ADDRESS: 3333 Bristol St, Costa Mesa, CA 92626
USA . Los Angeles
South Coast Plaza
Greenwood Park Mall GLA:1 164 000 SF
ADDRESS: 1251 US Highway 31 N, Greenwood, IN 46142-4514
USA . Greenwood
Greenwood Park Mall
Woodfield Mall GLA:2 200 000 SF
ADDRESS: 5 Woodfield Mall, Schaumburg, IL 60173
USA . Schaumburg
Woodfield Mall


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