View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 20, 2021

Lord & Taylor makes comeback with online-only offer

Lord & Taylor is to make its comeback but as a digital-only offering following its bankruptcy last year.

By Hannah Abdulla

Lord & Taylor is to make its comeback but as a digital-only offering following its bankruptcy last year.

New owners The Saadia Group have relaunched the brand as a digital Collective Store and promise the new chapter will bridge its 195-year heritage with a “modern, innovative future.”

Alongside classic favorites, the updated assortment will focus on up-and-coming and emerging brands. 

Jack Saadia, principal and co-founder of The Saadia Group said: “The future of retail is fast and agile, mirrored by our team — which has managed to put together a fantastic assortment of merchandise and a website — in record time of less than 120 days. We are deeply committed to continuing the rich legacy of the brand in a progressive way. Today’s unveil is just the beginning.” 

Fashion rental subscription service Le Tote filed for Chapter 11 bankruptcy protection alongside Lord & Taylor, which it bought a year earlier, in August of 2020.

Saadia Group bought the intellectual property and e-commerce assets of Lord & Taylor in a bankruptcy auction in October last year for US$12m, according to a report published by Bloomberg Law

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Style