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In 2024, Regal Brands Global acquired the intellectual property of Lord & Taylor. [92] Business of Fashion reported in December that Regal plans to bring back the brand as an online discount luxury retailer, along with selling licensed Lord & Taylor branded products which will be distributed online and in department stores. [ 93 ]
Lord & Taylor will reemerge in April as a website only under its new ownership, in yet another revival of a liquidated retailer. Back in October, Saadia Group LLC bought Lord & Taylor and its ...
As a retail site, the Philadelphia flagship store has proved profitable for later tenants Lord & Taylor and now Macy's. [citation needed] With a long tradition of parades and fireworks displays, Macy's has taken a prominent civic role in fostering historic Wanamaker traditions, especially the Wanamaker Organ and the Christmas Light Show.
Lord & Taylor, the lone department store division not to be largely converted to the Macy's nameplate, was sold to a group of investors at NRDC Equity Partners, LLC for $1.2 billion (~$1.75 billion in 2023) in October 2006. [20] David's Bridal and After Hours Formalwear were sold in November 2006. [21]
Lord and Taylor is closing all 38 of its remaining stores. A liquidation sale is planned. The news comes just weeks after the retail company filed for Chapter 11 bankruptcy protection.
The retailer was sold just a year ago for $100 million to Le Tote, a San Francisco online clothing rental company, by Canadian parent Hudson's Bay Co.