Lord & Taylor (La Tote, Inc.)

Lord & Taylor filed for Chapter 11 bankruptcy on August 2, 2020 in the United States Bankruptcy Court for the Eastern District of Virginia, Case No. 20-33332.

Lord & Taylor was the oldest department store in the United States, and at its height, operated 79 stores.

At the time of the bankruptcy filing only 38 stores remained, and Lord & Taylor was attempting to keep half of them in operation.

The attempt was not successful, and on October 15, 2020 Saadia Group, LLC, an investment firm which has been active in purchasing troubled retail stores, purchased the inventory, intellectual property, social media accounts and customer data.