Leadership in the Digital Age

Le Tote: When Software is Your Key Asset

Center for Digital Transformation Season 2 Episode 9

Season 2, Episode 9 - Le Tote, a 7-year-old startup clothing rental company for professional women bought venerable retailer Lord & Taylor in November 2019. Then came the pandemic. By March 2020, the rug was pulled out from under Le Tote and both companies filed Chapter 11. Hear CEO Rakesh Tondon describe how the software Le Tote built, once crucial to the success of the company, remained its most valuable asset.