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Hudson’s Bay Sells Lord & Taylor for $100 Million

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Hudson’s Bay Co. made it official Wednesday–the company has inked a deal to sell its Lord & Taylor business to Le Tote Inc. for 132.7 million Canadian dollars ($100 million). The terms of the deal has HBC receiving 99.5 million Canadian dollars ($75 million) in cash upon closing of the deal, and a promissory note…

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