Lord & Taylor: Bankruptcy
Video Credit: Wochit News - Duration: 00:37s - Published
Lord & Taylor: Bankruptcy
New York (CNN Business) Becoming the latest of many retailers to declare bankruptcy during the coroanvirus pandemic, department store Lord & Taylor has filed for Chapter 11.
The company filed for Chapter 11 bankruptcy protection Sunday, according to court documents.
The bankruptcy comes almost a year after fashion rental subscription service Le Tote, Inc.
Bought the company for $75 million.
Before that, Hudson's Bay Company acquired Lord & Taylor in 2012.
![Lord & Taylor Is Going Out Of Business [Video]](https://video.newsserve.net/300/v/20200828/2008282208-Lord-Taylor-Is-Going-Out-Of-Business.jpg)
![Lord & Taylor Closing All Stores After Filing For Bankruptcy Back In August [Video]](https://video.newsserve.net/300/v/20200827/2008272202-Lord-Taylor-Closing-All-Stores-After-Filing.jpg)
![Retail Lord And Taylor Closing All Remain Stores [Video]](https://video.newsserve.net/300/v/20200827/2008272201-Retail-Lord-And-Taylor-Closing-All-Remain-Stores.jpg)
