M&A Deal Summary

Nordstrom Acquires Trunk Club

On July 31, 2014, Nordstrom acquired e-commerce company Trunk Club for 350M USD

Acquisition Highlights
  • This is Nordstrom’s 2nd transaction in the E-Commerce sector.
  • This is Nordstrom’s largest (disclosed) transaction.
  • This is Nordstrom’s 4th transaction in the United States.
  • This is Nordstrom’s 1st transaction in Illinois.

M&A Deal Summary
Date 2014-07-31
Target Trunk Club
Sector E-Commerce
Buyer(s) Nordstrom
Deal Type Add-on Acquisition
Deal Value 350M USD
Advisor(s) Goodwin Procter (Legal)

Target

Trunk Club

Chicago, Illinois, United States
Trunk Club offers a full suite of solutions, from day to day ready-to-wear basics to high-end custom garments. Customers can seamlessly experience the service across the web, mobile and in-store.

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Buyer(S) 1

Buyer

Nordstrom

Seattle, Washington, United States
Category Company
Founded 1901
Sector Retail
Revenue 14.7B USD (2024)
DESCRIPTION
Nordstrom's corporate headquarters in downtown Seattle, Washington.
Nordstrom's corporate headquarters in downtown Seattle, Washington.

Nordstrom is a US-based fashion specialty retailer that operates a network of retail stores as well as ecommerce websites that include Nordstrom.com, Nordstromrack.com and HauteLook, and TrunkClub.com. The company offers a selection of brand-name and private-label merchandise focused on apparel, shoes, cosmetics, and accessories. Its integrated full-line stores and online store allow the Company to provide customers with a seamless shopping experience. Nordstrom was formed in 1901 and is based in Seattle, Washington.

DEAL STATS #
Overall 5 of 7
Sector (E-Commerce) 2 of 2
Type (Add-on Acquisition) 3 of 5
State (Illinois) 1 of 1
Country (United States) 4 of 6
Year (2014) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-12 Bonobos

New York, New York, United States

Bonobos is a clothing brand focused on delivering great fit, excellent customer experience, and a fun approach to menswear. Launched online in 2007 with its signature line of better-fitting men's pants, Bonobos is one of the leading apparel brands ever built on the web in the United States. In 2011 Bonobos extended offline, launching Bonobos Guideshops, e-commerce stores that deliver personalized, one-to-one service to those wanting to experience the brand in person. Bonobos was formed in 2007 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-26 Nordstrom - Credit Card Receivables Portfolio

United States

Nordstrom - Credit Card Receivables Portfolio which currently totals approximately $2.2 billion in receivables.

Sell -
Mergr

Product

Company

Legal