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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 ...
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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 .
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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.
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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