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

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

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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