Hudson’s Bay to sell Lord & Taylor for $100 million to clothing rental service Le Tote

By

Hudson's Bay to sell Lord & Taylor for $100 million to clothing rental service Le Tote

Hudson’s Bay will be paid $99.5 million Canadian dollars ($75 million) in cash after the deal closes and a secured promissory note of CA$33.2 million ($25 million) payable in cash after two years to sell Lord & Taylor to Le Tote.

Source: Business News –

MustHaves.LA a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.