Department store chain Nordstrom is acquiring Trunk Club, the latter announced on its site. No financial terms were disclosed; although other outlets peg the value to be at $350 million.
This deal follows Nordstrom’s recent participation in online clothing brand Bonobos $55 million Series D funding round.
Based in Chicago Heights, Illinois, Trunk Club is a personalized clothing service for men. Three years ago, Trunk Club raised a total of $11 million in Series A funding. The investors in that round were U.S. Venture Partners, Greycroft Partners, Apex Venture Partners and Anthos Capital.
According to Crunchbase, Trunk Club has received a total of $12.4 million in overall funding. In addition to the Series A round, Trunk Club raised $175,000 in venture funding from undisclosed investors in January 2011 and before that, a total of $1.27 million in 2010, also from unnamed investors.
Photo credit courtesy of Shutterstock.
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