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Le Tote was an online women's clothing rental business in the United States which used a subscription box model. [1] It was founded in 2012 by Brett Northart and Rakesh Tondon. [ 2 ] [ 3 ] In 2019, Le Tote acquired Lord & Taylor .
Iconic and once-tony retailer Lord & Taylor, having sold its storied flagship store, exited New York City and closed many outlets nationwide, has filed for Chapter 11 bankruptcy, along with its ...
In August 2019, Le Tote, Inc. purchased the retailer for CA$99.5 million ($75 million) in cash on closing and an additional CA$33.2 million ($25 million) two years later. HBC was to get a 25% equity stake in Le Tote. [63] [64] [65] The buyer would retain the stores' inventory, with an estimated value of CA$284.2 million.
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Hudson's Bay Company acquired the Lord & Taylor department store chain in January 2012, [3] and later sold it to clothing rental company Le Tote in August 2019. [4] HBC retained ownership of the commercial properties, and expressed initial plans to maintain Lord & Taylor operations with the real estate until at least 2021.
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Le Tote is a $49-per-month clothing and accessory subscription service with a few unique features. If style isn't your strong suit, or if you're just hoping to revamp your look, Le Tote might be ...
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