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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!