Lord & Taylor will reemerge in April as a website only under its new ownership, in yet another revival of a liquidated retailer.
Back in October, Saadia Group LLC bought Lord & Taylor and its parent company Le Tote for $12 million, through a bankruptcy auction. Le Tote and Lord & Taylor, impacted by the pandemic, went bankrupt in August 2020 and all the Lord & Taylor stores were liquidated by the end of February 2021.
“Lord & Taylor has a deep retail history that spans 195 years, and a tradition of innovation and countless fashion firsts,” said Jack Saadia, principal and cofounder of the Saadia Group. “We are excited to build the future of the brand, expand the loyal community, and show the world what’s next.”WWD