Los Angeles, CA- Paul Hastings LLP, a leading global law firm, announced today that the firm is representing fashion specialty retailer Nordstrom, Inc. (NYSE: JWN) in the acquisition of Trunk Club, a personalized clothing service for men.
The value of the deal was undisclosed. The transaction is subject to closing conditions, including customary regulatory and stockholder approvals, and is expected to close in the third quarter of 2014.
The deal is representative of a trend, in which traditional retailers are capitalizing on businesses that use innovative business models and new technology.
M&A partner David Hernand led the Paul Hastings team, which also included Tax partner Alexander Lee, Employment partner Stephen Harris and associates Stan Kalminsky and Olga Marshall.
Paul Hastings Global M&A practice has led some of the most high-profile crossborder and domestic mergers and acquisitions in recent years such as advising WH Group on its US$7.1 billion acquisition of Smithfield Foods in the largest-ever acquisition of a U.S. company by a Chinese firm, Dole Chairman & CEO David H. Murdock on his US$1.6 billion acquisition of Dole Foods, marking the first time in history a company has been taken private twice by the same person, and Gannett Co., Inc., an international media and marketing solutions company, in connection with its acquisition of Belo Corp., a leading broadcast television company with twenty network-affiliated stations, and a related restructuring of Belo broadcast station assets.
Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.