By  on November 8, 2019

Hudson’s Bay Co., based in Toronto, has completed the sale of Lord & Taylor to Le Tote Inc., the San Francisco-based fashion rental subscription service, for 99.5 million Canadian dollars ($75 million U.S.) in cash and a secured promissory note for 32.2 million Canadian dollars ($25 million U.S.) payable in cash after two years, subject to customary adjustments.

HBC signed the deal to sell Lord & Taylor to Le Tote in August, as reported.

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