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Lord & Taylor: Bankruptcy
Video Credit: Wochit News
Published on August 3, 2020 - Duration: 00:37s
Lord & Taylor: Bankruptcy
New York (CNN Business) Becoming the latest of many retailers to declare bankruptcy during the coroanvirus pandemic, department store Lord & Taylor has filed for Chapter 11.
The company filed for Chapter 11 bankruptcy protection Sunday, according to court documents.
The bankruptcy comes almost a year after fashion rental subscription service Le Tote, Inc.
Bought the company for $75 million.
Before that, Hudson's Bay Company acquired Lord & Taylor in 2012.
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