Lord & Taylor has been revived under its new owners.
The Saadia Group has officially launched the 195-year-old iconic brand as a digital “collective store” whose merchandise offerings will include exclusive collaborations, new launches across categories and a robust private label. In addition to classic favorites, the new site will focus on up-and-coming and emerging brands.
Saadia bought the intellectual property and e-commerce assets of Lord & Taylor from its bankrupt owner, Le Tote Inc., in a bankruptcy auction in October 2020 for $12 million. (Lord & Taylor went bankrupt in August 2020 and eventually liquidated all its stores.)
Source: Chain Store Age
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