Hudson ’s Bay has announced it will close all Lord & Taylor stores , including the flagship store on Fifth Avenue . Lord & Taylor ’s flagship store was the first property WeWork purchased after it invested $ 4.4bn in the co - workspace provider in H2 2017 , paying $ 100 m for the building . It recently struck a deal to sell Lord & Taylor items through a dedicated space on Walmart's site. When announced , the deal was heralded as the beginning of a long - term partnership between WeWork and Hudson ’s Bay Company , owner of the department store brand , to create work / live / shop spaces targeting millennials .
Hudson ’s Bay has announced it will close all Lord & Taylor stores , including the flagship store on Fifth Avenue . Lord & Taylor ’s flagship store was the first property WeWork purchased after it invested $ 4.4bn in the co - workspace provider in H2 2017 , paying $ 100 m for the building . When announced , the deal was heralded as the beginning of a long - term partnership between WeWork and Hudson ’s Bay Company , owner of the department store brand , to create work / live / shop spaces targeting millennials .