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Inside Le Tote’s $100 Million Bet on Lord & Taylor

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For direct-to-consumer brands, the next frontier is the physical space, and Le Tote’s CEO said buying Lord & Taylor for $100 million allows the DTC brand to scale its brick-and-mortar infrastructure much faster than if it had chosen to build the base itself. Rakesh Tondon, who helms the subscription apparel rental business, told the audience on Tuesday…

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