Le Tote Acquires Lord & Taylor in a $100 Million Deal

The digitally native brand takes its subscription service to the storied retailer

Lord & Taylor signage on a building
Le Tote's CEO expects the acquisition of Lord & Taylor will build a profitable business. Getty Images

Lord & Taylor, the famed 193-year-old brand that’s struggled for years and recently closed its Fifth Avenue flagship in New York, is getting a second life.

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@itstheannmarie annmarie.alcantara@adweek.com Ann-Marie Alcántara is a tech reporter for Adweek, focusing on direct-to-consumer brands and ecommerce.