Lord & Taylor, Men’s Wearhouse owner file for bankruptcy

AP Top News

FILE – In this Jan. 2, 2019, file photo, women peer in the front door of Lord & Taylor’s flagship Fifth Avenue store which closed for good in New York. New York landmark retailer Lord & Taylor has filed for bankruptcy, joining a growing list of retailers flummoxed by the pandemic. (AP Photo/Kathy Willens, File)

NEW YORK (AP) – Landmark New York retailer Lord & Taylor has filed for bankruptcy, joining a growing list of stores slammed by the coronavirus pandemic.

Tailored Brands, the parent company of Men’s Wearhouse and Jos. A. Banks, has filed for bankruptcy as well.

Many of the companies that have filed for Chapter 11 in recent weeks were already struggling, but the forced closure of non-essential stores in March pushed them to the brink.

Lord & Taylor, which was sold to the French rental clothing company Le Tote Inc. last year, filed Sunday for bankruptcy protection in the Eastern Court of Virginia.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories