Lord & Taylor files for bankruptcy

// Lord & Taylor files for Chapter 11 protection
// Owner of the department store chain, Le Tote, also filed for bankruptcyUS luxury department store chain Lord & Taylor has filed for bankruptcy as the Covid-19 pandemic took its toll on trading.
The company filed for Chapter 11 protection on Sunday, according to documents from the US Bankruptcy Court for the Eastern District of Virginia, along with its owner, French fashion rental subscription service Le Tote.
Le Tote acquired Lord