Thursday, December 19, 2024
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Lord & Taylor

construction and designNewsrestaurantsretailers

Unibail-Rodamco-Westfield Underway on Redevelopment of Westfield Old Orchard Mall

by Katie Lee

Skokie, Ill. — Unibail-Rodamco-Westfield is underway on the redevelopment of the Westfield Old Orchard shopping mall in Skokie, Ill. Plans call for retail, apartments, restaurants, gourmet markets, health and wellness amenities and entertainment space. The project will also include a park and event space designed as the center’s focal point and social gathering space. The multi-phase project began in fall 2022 with the modernization of the existing shopping center, starting with enhancements to the common areas as well as the opening of new restaurants, health and wellness components and retailers …

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New Retail Concept, Shopper’s Find, Launches in Former Lord & Taylor Locations

by Katie Lee

Northbrook, Ill. — Hilco Global’s Hilco Retail Solutions platform, in a joint venture with Gordon Brothers, has been working with HBC to launch Shopper’s Find, a new retailer that is opening in former Lord & Taylor locations. Shopper’s Find is the department store for every shopper, offering savings of up to 60% off. The Shopper’s Find team works directly with manufacturers and wholesalers to find the best possible price and bring in new merchandise virtually every week, so shoppers will find fresh selections each visit. Shopper’s Find has something for …

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Parent Companies of Lord & Taylor, Men’s Wearhouse Both File for Chapter 11 Bankruptcy

by Katie Lee

New York City and Freemont, Calif. — The list of apparel retailers to file for Chapter 11 bankruptcy grew longer over the weekend as the parent companies of Lord & Taylor and Men’s Wearhouse both filed petitions for Chapter 11 bankruptcy protection in an effort to restructure their debt loads. Le Tote Inc., a New York City-based e-commerce firm specializing in the clothing sector that owns Lord & Taylor, filed its petition in the U.S. Bankruptcy Court for the Eastern District of Virginia. Tailored Brands, the Fremont-based parent company of …

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Le Tote Agrees to Buy Lord + Taylor for $100 Million

by Katie Lee

Toronto — Le Tote, a fashion rental subscription service, has agreed to buy Hudson’s Bay Co.’s (HBC) Lord + Taylor brand for $100 million. Le Tote will pay Toronto-based HBC $75 million in cash upon closing as well as a promissory note of $25 million, payable after 2 years. In addition, HBC will receive an equity stake in Le Tote, two seats on the company’s board of directors and certain rights as a minority shareholder. Le Tote will assume responsibility of Lord + Taylor’s 38 stores, digital channels and inventory. …

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