Nordstrom Buys HauteLook for $270 Million

HauteLook CEO Adam Berhard.

Nordstrom has recently purchased HauteLook, a “members-only luxury flash sale site” based out of LA for $270 million in stock. Approximately $180 was paid during transaction and an additional $90 is pending based on the company’s future performance.

HauteLook CEO Adam Bernhard said he “believes the two companies share a common interest” in quality customer service but believes the “exact synergies are still being worked out.”

HauteLook will still offer members 50 to 75 percent off fashion, beauty and travel brand name goods, but will operate independently by Nordstrom. For more information visit


, , , , ,

  1. Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: