The Carlyle Group Finances Le Tote’s Acquisition of Lord + Taylor

Choate represented The Carlyle Group, and its global credit platform, in its recent second lien term loan to Le Tote in connection with the fashion rental subscription service’s purchase of Lord + Taylor from Hudson's Bay Company.  With the deal closure, Le Tote became the first digitally native brand to acquire an established brick and mortar retailer. The company assumed operations of 38 stores, Lord + Taylor’s robust digital channels and vast inventory spanning women’s, men’s and kids apparel, shoes, beauty, handbags, accessories and more.