Solomon Partners advised diversified retailer Hudson’s Bay Company on its sale of Lord + Taylor to Le Tote.
Founded in 1670, HBC is the oldest company in North America. HBC’s portfolio today includes Saks Fifth Avenue, Saks OFF 5TH and Hudson’s Bay. The premium department store, Lord + Taylor, is headquartered in New York City and sells clothing, footwear, jewelry, beauty products and home goods across its 43 brick & mortar locations and an e-commerce platform.
Le Tote is a fashion subscription service that rents clothing and accessories for a flat monthly fee.
The Solomon Partners team was led by CEO Marc Cooper and Jeff Jacobs and included Eric Bormel and Derrick Wang.
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