Fashion subscription service Le Tote to acquire Lord & Taylor for $100m

HBC will receive around $100m for the transaction, expected to close before the 2019 holiday season

Fashion subscription service Le Tote has agreed to acquire Hudson’s Bay Company (HBC)-owned retailer Lord & Taylor for some $100m, concluding a strategic review of the US department-store chain that began earlier this year. 

Under the terms of the agreement,...

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