Golden Flag Represents Le Tote on Acquisition of Lord + Taylor From HBC

Golden Flag advised Le Tote, Inc., a seven-year-old venture-backed fashion rental subscription service, in its agreement to acquire Lord + Taylor, the historic department store chain founded in 1826, from Hudson’s Bay Company (TSX: HBC). With the deal closure, Le Tote becomes the first digitally native brand to acquire an established brick and mortar retailer. The transaction was announced on August 28, 2019 and closed on November 8, 2019.
 
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The Golden Flag team was led by corporate partners Marshall Shaffer, Christian Atwood and Jonathan Davis, and associates Brooke Coghlan, Bill Halaby, Sam Jones and Amanda Gottlieb. The team also included debt finance partners Eric Wedel and Andrea Weintraub and associates Zachary Profant, Alex Shofe and Julianna Debler; real estate partner John Goldman and associates Sam Zaretsky and Sohil Khurana; and technology & IP transactions partners Shellie Freedman and Seth Traxler and associate Imani Lee.