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Lord & Taylor to relaunch online, with help from RTW Retailwinds

Dive Brief: In April, Lord & Taylor will be back in business, online only, to be known as "Americas Collective Store," according to an emailed press release Thursday from new owner The Saadia Group. The investment firm won the intellectual property of the iconic department store and its newish owner, rental site Le Tote, at an October bankruptcy auction with a bid of $12 million. (The Saadia Group didnt share its plans for Le Tote.) The firm last year also bought RTW Retailwinds out of bankrup...
New York United States Nick Kaplan Jack Saadia Hudson Bay Co America Collective

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