Willkie, Kirkland Steer Le Tote's $100M Deal For Lord & Taylor

Law360 (August 28, 2019, 2:47 PM EDT) -- Hudson’s Bay Co. said Wednesday it has agreed to sell Lord & Taylor to fashion subscription service Le Tote for about $100 million in a deal steered by Willkie Farr & Gallagher and Kirkland & Ellis.

The deal, which includes a roughly $100 million cash component, caps off Canada-based Hudson’s Bay’s strategic review of its options for Lord & Taylor LLC as it looks to streamline its portfolio of upscale retailers, the announcement said. The transaction would also see fashion startup Le Tote Inc. take on a more traditional clothing retail business.

Le Tote bills itself as a fashion subscription service...

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