Lord & Taylor
Lord & Taylor was the oldest-surviving department store chain in the United States. The company operated full-line department stores from 1826 until it filed for bankruptcy in 2020. The following year, in 2021, it closed all its brick-and-mortar stores. Saadia Group acquired the Lord & Taylor intellectual property and relaunched the e-commerce website later that same year.[1][2][3][4][5]
Company type
1826
August 28, 2020
Chapter 11 bankruptcy; Liquidation
- Clothing
- footwear
- jewelry
- beauty products
- fragrances
- bedding
- housewares
- Lord Family
- (1824–1916)
- Associated Dry Goods
- (1916–1986)
- The May Department Stores Company
- (1986–2005)
- Federated Department Stores
- (2005–2006)
- NRDC Equity Partners
- (2006–2019)
- Hudson's Bay Company
- (2008–2019)
- Le Tote
- (2019–2020)
- Saadia Group, LLC
- (2020–2020)
SaksWorks[edit]
In August 2021, it was announced that SaksWorks, a partnership with WeWork and a spinoff of the Saks Fifth Avenue brand, would provide co-working spaces for technology startups and services for other enterprises. It was predicted that SaksWorks would fill about 90% of the former Lord & Taylor brick-and-mortar locations since Hudson's Bay Company still owned the real estate of the properties.[85]