Lord & Taylor: Bankruptcy
Lord & Taylor: Bankruptcy

New York (CNN Business) Becoming the latest of many retailers to declare bankruptcy during the coroanvirus pandemic, department store Lord & Taylor has filed for Chapter 11.

The company filed for Chapter 11 bankruptcy protection Sunday, according to court documents.

The bankruptcy comes almost a year after fashion rental subscription service Le Tote, Inc.

Bought the company for $75 million.

Before that, Hudson's Bay Company acquired Lord & Taylor in 2012.