three years, at an estimated C$77 million ($58 million) cash per year. The acquisition was completed in November 2019. In November, 2019, the sale to Le Tote was finalized and it was reported that all 38 Lord & Taylor brick-and-mortar locations would transfer ownership. Impact of the COVID-19 pandemic Lord & Taylor's stores were forced to close due to executive state orders by the local and state governments on non-essential retail by Wednesday, March 18, 2020, due to the COVID-19 pandemic in the United States. While it took a while for the store to reopen to the public some of its closed U.S. stores were looted following the murder of George Floyd. Lord & Taylor began the process of reopening on Friday, May 15, 2020, with two of its locations in Florida and New Hampshire. Additional stores were gradually reopened with all stores resuming operations by July 3, 2020. On August 2, 2020, it was reported that Lord & Taylor and Le Tote had filed for Chapter 11 bankruptcy protection due to the COVID-19 pandemic in the United States. On August 3, it was reported that the company would simultaneously solicit bids for a going concern sale of its Le Tote and Lord & Taylor businesses. It was intended that both Le Tote and Lord & Taylor would continue to operate during the Chapter 11 process. On Monday, October 19, 2020, Saadia Group, LLC announced it would acquire Lord & Taylor which will transition the brand into a digital collective store. The transaction was approved the following day. On Tuesday, October 20, 2020, Lord & Taylor's brick-and-mortar stores began shuttering. On Tuesday, December 29, 2020, 18 out of 38 stores had closed and about a month later, the freestanding store in Bala Cynwyd shuttered. Finally, on Saturday, February 27, 2021, the remaining 19 stores closed; these stores would have closed on Sunday, but due to the Bergen County Blue Laws that occur on Sunday for the Westfield Garden State Plaza and Fashion Center locations both located in Paramus, New Jersey, it was decided to close all of the stores on Saturday. Saadia Group, since 2020 In October 2020, the investment firm Saadia Group acquired Lord & Taylor; they transitioned the brand into a digital collective store which was relaunched in April 2021. In fall 2022, an ad campaign called "Fall Fete" debuted alongside a new logo. Saks Works In August