Sale of Beauty Company to Major Retailer
The firm advised a luxury beauty product and spa services retailer in its acquisition by a major department store. The department store has reported that the $210 million acquisition will enable it to expand its selection of beauty products while increasing its nationwide presence. Under the agreement, the firm’s client, which currently operates over 60 specialty stores across the country as well as online, will continue to operate its stand-alone specialty business under its current brand. Leveraging the major retailer’s technology, supply chain, and operations resources, the luxury beauty brand will be allowed to increase and strengthen its nationwide presence. A press release on the transaction is available here, and press on the transaction is available here.