Le Tote Buying Lord & Taylor from Hudson's Bay for $100 Million
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In a surprising move, Hudson’s Bay Company is selling the storied Lord & Taylor chain, which dates to 1826 in New York, to fashion rental subscription startup Le Tote for a relatively cheap $75 million upfront, and another $25 million via a promissory note in two years.
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Hudson's Bay to sell Lord + Taylor for $100 million
