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What Does the Future Hold for a Le Tote-Owned Lord & Taylor?

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New Lord & Taylor president Ruth Hartman reveals plans for Le Tote and the department store to integrate inventory and launch shop-in-shops.
The Le Tote Rental Studio showroom at a Lord & Taylor store in Yonkers, New York.
CREDIT: Courtesy

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Fashion rental subscription service Le Tote is now officially the owner of the Lord & Taylor business. The company completed the acquisition from Hudson’s Bay Co. on Friday for $75 million in cash and a $25 million secured promissory note payable in cash after two years, subject to customary adjustments. Under the terms of the…

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