Lord & Taylor was sold this week to a little-known clothing rental service, Le Tote, a seven-year-old San Francisco company.
Hudson’s Bay, the chain’s parent company, will continue to own Lord & Taylor’s real estate and cover Le Tote’s rent at those properties for three years. Le Tote will pay $100 million in cash for Lord & Taylor’s brand and inventory and take control of 38 stores and the chain’s digital presence.… Read More
The White Flint Mall and Lord & Taylor case just got scheduled Oct. 25 to 28 in Richmond at The U.S. Court of Appeals for the Fourth Circuit. The Mall’s owners are appealing a District Court decision that awarded Lord & Taylor $31 million in damages. White Flint Mall owners appealed so they can provide evidence about the future potential profits for Lord & Taylor from the redeveloped town center that will one day be built on the property.… Read More
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Lerner Enterprises and The Tower Cos. filed a notice Tuesday in the U.S. Court of Appeals declaring their intention to appeal a verdict handed down by a U.S. District Court jury in August.
As you probably know, the jury awarded Lord & Taylor $31 million in damages, deciding the mall’s owners broke their contract to maintain the mall as a first-class shopping center until 2042.… Read More
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ICYMI, here are two interesting stories on the Pike District that recently hit the papers and blogs:
White Flint Mall: Lord & Taylor is Sandbagging White Flint Mall (Bethesda Now)
Amp, Strathmore’s New Music Venue, Rocks the Suburbs of North Bethesda (Express)
… Read More