Lord & Taylor ... to a rental clothing company. Le Tote is buying the company from Hudson's Bay Co., which gets a minority stake in Le Tote and will control two seats on its board.

Lord & Taylor, one of the oldest department stores in the country, is in the process of being sold for $100million to a rental clothing company ... on the company's board, ABC News reports.

Hudson’s Bay said on Wednesday that Lord & Taylor, the beleaguered department store chain founded in 1826, will be acquired by Le Tote, a 7-year-old clothing rental startup. In an unusual deal ...

NEW YORK (CBSNewYork/AP)-- Lord ... clothing company. Le Tote Inc. is buying the company from Hudson's Bay Co., which gets a minority stake in Le Tote and will control two seats on its board.

NEW YORK – Lord ... rental clothing company. Le Tote Inc. is buying the company from Hudson’s Bay Co., which gets a minority stake in Le Tote and will control two seats on its board.

Lord & Taylor, considered to be the oldest U.S. department store, is being sold to an online clothing-rental startup called Le Tote for $100 million. With news that America's oldest department ...