Nordstrom Acquires HauteLook for $270,000,000

  • Feed Type
  • 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.