Landmark New York retailer Lord & Taylor has filed for bankruptcy, joining a growing list of stores slammed by the COVID-19 pandemic.
Lord & Taylor, one of America’s oldest department stores, has filed for bankruptcy, joining a growing list of stores slammed by the coronavirus pandemic. Tailored Brands, the parent company of Men’s Wearhouse and Jos. A. Banks, filed for bankruptcy as well.
Lord & Taylor, which was sold to the French rental clothing company Le Tote Inc. last year, filed Sunday for bankruptcy protection in the Eastern Court of Virginia. The company was founded as a dry goods store in 1826. There are several dozen Lord & Taylor stores across the country.
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