On February 1, 2016, Hudson’s Bay Company completed its acquisition of Gilt Groupe Holdings, Inc. for US$250 million.
Gilt Groupe is a membership-based online retailer that caters to shoppers in the millennial generation.
Hudson’s Bay Company opened its first stand-alone Gilt shop inside its new Saks Off 5th store in Manhattan on March 3, 2016.
HBC was led by David Pickwoad, Senior Vice-President and General Counsel and Mark Fedorowycz, Vice-President and General Counsel, and advised by M&A counsel Willkie Farr & Gallagher LLP in New York with a team led by Gordon Caplan, Gregory Astrachan and Michael Brandt that also included Anthony Carbone, Michael Katz, Jeffrey Daniel, Michael Casas, Frances Dales, Timothy Andree, Kapiljeet Dargan, Bradley Brown, Rose Ohanesian, Jennifer Schanes, Natalie Whitaker, Jacob Moss, Amir Ghavi and Dorna Mohaghegh. Stikeman Elliott LLP acted as company counsel to HBC with a team led by Jonah Mann and Bessie Qu (corporate).
Gilt Groupe was advised by Wilmer Cutler Pickering Hale and Dorr LLP with a team led by Mark Borden, Jeffrey Hermanson and David Westenberg, that also included Jeffrey Ayer, Christie DiNapoli, Britt Eichner and Emily Gainor (corporate), Kim Wethly, Julie Hogan Rodgers and Ciara Baker (tax), Scott Kilgore (benefits) and Michael Bevilacqua (IP).