Fashion retailer Lord & Taylor, one of the oldest of its kind in America, may have filed for bankruptcy, but its two locations on the North Shore will remain open.
The 194-year-old company and its parent company, the France-based Le Tote, filed for bankruptcy in the Eastern District of Virginia’s United States Bankruptcy Court in Richmond on Aug. 2.
Bankruptcy rumors had surrounded Lord & Taylor since it closed its 11-story flagship Manhattan store on Fifth Avenue in 2019. Le Tote says it is seeking a buyer for the remaining stores.
While the company’s future is mostly uncertain, the Lord & Taylor locations in Garden City and Manhasset have not been slated for closure.
USA Today reported Monday that the only Long Island location of the chain to close would be in Suffolk County, at the Bay Shore Mall on Sunrise Highway.
Its remaining store on the island, a tenant at the Walt Whitman Shops in Huntington Station, will stay open with the ones in Garden City and Manhasset.
The two North Shore locations had previously undergone major renovation projects, first announced in 2016.
The Garden City location received an enhanced spa room and additions to its top-floor cafe, completed in 2016, and the Manhasset location received a 38,000 square foot expansion and additional parking, opening the new developments in late 2018.
Le Tote had its first-day hearing in the bankruptcy trial on Aug. 3, and will next be appearing in court for its final hearing on first-day motions on Aug. 27. A bid procedures hearing is planned for the same day, and a disclosure statement hearing will take place on Sept. 14.