- Le Tote is acquiring Lord & Taylor for $100 million from Hudson’s Bay. The deal will give Hudson’s Bay an equity stake in Le Tote, two seats on Le Tote’s board, retain ownership of its Lord & Taylor real estate, and the option to redevelop these locations starting in 2021.
Enjoy, the e-commerce start up led by Ron Johnson, has raised $150M in Series C funding. The capital is meant to help the firm expand into the U.K. with British mobile network partner EE, aiming to reach 80% of U.K. households by 2020. The company aims to offer same-day delivery of electronic products with high quality personal service. Ron Johnson formerly held leadership positions at J.C. Penney, Apple, and Target.