M&A Deal Summary

Target Acquires DermStore Beauty Group

On August 6, 2013, Target acquired e-commerce company DermStore Beauty Group

Acquisition Highlights
  • This is Target’s 3rd transaction in the E-Commerce sector.
  • This is Target’s 5th transaction in the United States.
  • This is Target’s 3rd transaction in California.

M&A Deal Summary
Date 2013-08-06
Target DermStore Beauty Group
Sector E-Commerce
Buyer(s) Target
Deal Type Add-on Acquisition
Advisor(s) Wells Fargo Securities (Financial)
Latham & Watkins (Legal)

Target

DermStore Beauty Group

Manhattan Beach, California, United States
DermStore is a skin care e-commerce site in the United States with a comprehensive portfolio of prestige and professional products. The Company was founded in 1999 by a board certified dermatologist and features over 26,000 SKUs and 750 authorized brands such as SkinMedica, SkinCeuticals, Obagi and Dermalogica. The company recently launched two additional websites, hairenvy.com and blush.com, extending its reach to cosmetics and hair care.

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Buyer(S) 1

Buyer

Target

Minneapolis, Minnesota, United States
Category Company
Founded 1902
Sector Retail
Employees450,000
Revenue 109.1B USD (2023)
DESCRIPTION
View of Target's corporate headquarters in downtown Minneapolis, Minnesota.
View of Target's corporate headquarters in downtown Minneapolis, Minnesota.

Target is a general merchandise retailer serving the US market. The Target brand opened its first store in 1962 and currently operates more than 1,800 stores. Target was formerly known as Dayton Hudson Corp. which was originally founded in 1902. Target is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 5 of 9
Sector (E-Commerce) 3 of 3
Type (Add-on Acquisition) 4 of 8
State (California) 3 of 5
Country (United States) 5 of 9
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-14 Cooking.com

Santa Monica, California, United States

Cooking.com is an on-line retailer focused on high quality cooking related products including: cookware, tableware, cookbooks, and specialty foods. Cooking.com has over 5,000 products in addition to creative content such as articles from prominent chefs, recipes, and cooking advice.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-12 PoweredAnalytics

Pittsburgh, Pennsylvania, United States

PoweredAnalytics, Inc. is a provider of tools and expertise to turn your data into personalized targeting and valuable insight. PoweredAnalytics predictive analytics platform turns your existing data into a customized predictive model that plugs into your existing applications (like email marketing platforms, student information systems, or other 3rd party platforms).

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Mergr

Product

Company

Legal