Kirkland Represents Victoria’s Secret & Co. on Acquisition of Adore Me, Inc.
Kirkland & Ellis advised Victoria’s Secret & Co. (“VS&Co”) (NYSE: VSCO) on its acquisition of Adore Me, Inc., a digitally-native intimates brand. As disclosed, the deal will create significant upside for VS&Co, including the opportunity to leverage Adore Me’s expertise and technology to continue to improve the Victoria’s Secret and PINK customer shopping experience and accelerate the modernization of VS&Co’s digital platform. The structured transaction includes an initial upfront $400 million cash payment and further cash consideration. The transaction is expected to close by the end of January 2023, subject to customary closing conditions.
Read the transaction press release
The Kirkland team was led by corporate partners Robert Hayward, Rachael Coffey and Peter Fritz and associate Jimin He, capital markets partners Katie Holahan and Ashley Sinclair, tax partner Sara Zablotney, technology & IP transactions partners Seth Traxler and Amber Harezlak, and executive compensation partners Scott Price and Lauren Sawyer.