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Lord and Taylor HQ sale shows shifts in retail and work culture
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The country’s oldest luxury retailer, Lord & Taylor, said today that it’s selling its iconic Manhattan headquarters for $850 million. After Christmas next year, the building will become the headquarters for WeWork, a 7-year-old office space company. WeWork is valued at $20 billion, making it the fourth most valuable private U.S. startup — behind Airbnb, Uber, and SpaceX.
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