THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Hudson’s Bay Company completes sale of Lord & Taylor to Le Tote

Hudson’s Bay Company has completed the sale of the Lord & Taylor department store chain to Le Tote. The business has been sold to the fashion rental subscription company… View Article

DEPARTMENT STORE NEWS

Hudson’s Bay Company completes sale of Lord & Taylor to Le Tote

Hudson’s Bay Company has completed the sale of the Lord & Taylor department store chain to Le Tote.

The business has been sold to the fashion rental subscription company for $75 million in cash and a secured promissory note for $25 million that will be payable in cash after two years.

HBC has also received an equity stake of around 25% in Le Tote and has the right to designate two members to Le Tote’s board.

Le Tote has acquired the Lord & Taylor brand, intellectual property and the operations of 38 stores. The sale also includes Lord & Taylor’s digital channels and inventory.

 

 

 

 

Subscribe For Retail News