Nordstrom Acquires HauteLook for $270,000,000
-
Feed Type
-
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6fbe7178-788d-40e0-8ddb-0ccb40027d51&Preview=1 -
Date
2/18/2011 -
Company Name
HauteLook -
Mailing Address
1013 S. Los Angeles St Los Angeles, CA 90015 -
Company Description
HauteLook is an exclusive private shopping club which offers its members branded goods at 40-75% off of retail prices. HauteLook operates a marketplace in which premium fashion & lifestyle brands host their own 24-48 hour private sales. HauteLook, which launched to the public in December of 2007, currently operates Women’s, Men’s, and Kid’s fashion, as well as Home verticals. -
Website
http://www.hautelook.com -
Transaction Type
M&A -
Transaction Amount
$270,000,000 -
Transaction Round
-
Proceeds Purposes
-
M&A Terms
Nordstrom is paying $180 million in stock and could pay as much as another $90 million in stock over the next three years depending on how HauteLook’s business performs.
