Lord & Taylor was once my employer, here are all the things I'll miss
Lord & Taylor files for bankruptcy; Microsoft in talks to buy TikTok
Fox Business Briefs: Luxury department store Lord & Taylor files for bankruptcy one year after closing its 11-story flagship building on New York’s Fifth Avenue; Microsoft in talks to buy the popular video app TikTok.
Sunday’s announcement that Le Tote, owner of the famed Lord & Taylor department store, had filed for bankruptcy protection under mounting losses came with little fanfare and even less surprise.
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On Monday, the parent company suggested it would close all of the iconic brand’s 38 stores, while at the same time looking for a buyer for its more successful locations.
LUXURY DEPARTMENT STORE LORD & TAYLOR FILES FOR BANKRUPTCY
Already struggling prior to the COVID-19 global pandemic, America’s oldest department store has been on the ropes for years. Founded during the presidency of John Quincy Adams back in 1826, the retailer closed its flagship establishment on Fifth Avenue in early 2019.
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