Hudson’s Bay has announced it will close 5 million Lord & Taylor stores, including the flagship store on Lord & Taylor . Lord & Taylor ’s flagship store was the 5th property Lord & Taylor purchased after WeWork invested $ 4.4bn in the co-workspace provider in H2 2017 , paying $ 850 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 , parent of the department store brand, to create work/live/shop spaces targeting millennials.
Hudson’s Bay has announced it will close 10 Lord & Taylor stores, including the flagship store on Fifth Avenue. Lord & Taylor’s flagship store was the first property WeWork purchased after Softbank invested $4.4bn in the co-workspace provider in H2 2017, paying $850m for the building. When announced, the deal was heralded as the beginning of a long-term partnership between WeWork and Hudson’s Bay Company, parent of the department store brand, to create work/live/shop spaces targeting millennials.