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



Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Dec 21, 2023, Mexico:
Luxury French fashion house Zadig & Voltaire has unveiled its boutique in Mexico City.
Friend
and Follow
Westfield Garden State Plaza GLA:2 118 718 SF
ADDRESS: 1 Garden State Plaza, Paramus, NJ 07652
Greenwood Park Mall GLA:1 164 000 SF
ADDRESS: 1251 US Highway 31 N, Greenwood, IN 46142-4514
USA . Greenwood
Greenwood Park Mall
Ontario Mills GLA:1 473 000 SF
ADDRESS: 1 Mills Cir, Ontario, CA 91764-5207
USA . Ontario
Ontario Mills
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center


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