On August 2, 2020, Le Tote, Inc. and certain of its subsidiaries including Lord & Taylor LLC (together, the “Company”) filed for Chapter 11 reorganization in the United States Bankruptcy Court for the Eastern District of Virginia. The Company will simultaneously solicit bids for a going concern sale of both its Le Tote and Lord + Taylor businesses, and conduct targeted store closing sales to maximize the value of its business.
The Company filed to facilitate and continue a marketing process for both of its business units that began this summer and to efficiently monetize any assets not sold as part of the marketing process. Both Le Tote and Lord + Taylor will continue to operate during the chapter 11 process and offer the same superior service and value.
Court documents and other information about the chapter 11 process are available at https://cases.stretto.com/letote or calling the Company’s restructuring hotline at 1-855-217-8030.