NEW YORK (July 23, 2013) — International law firm McDermott Will & Emery LLP today announced that it successfully represented Hudson Clothing in a definitive stock purchase agreement under which Joe’s Jeans Inc. (NASDAQ: JOEZ) will acquire privately-held Hudson.
The total purchase price for Hudson will be approximately $97.6 million, subject to certain adjustments, and will be payable in cash and convertible notes issued by Joe’s Jeans. The transaction is expected to close on or about August 31, 2013.
Based in Los Angeles, California, and founded by Peter Kim in 2002, Hudson is a leading, global designer and marketer of women’s and men’s premium branded denim apparel. Hudson will collaborate with Joe's Jeans to create one of the largest premium denim companies in the world.
“We are pleased to have represented Hudson on the successful closing of this acquisition,” said Todd Finger, one of the nation’s premier lawyers to the fashion industry and lead McDermott partner on the transaction. “This transaction has the potential to become a game-changer for the fashion industry, and we are proud to have played a role in bringing it to fruition.”
In addition to Mr. Finger, the full McDermott deal team included partners Dan Zucker, Sam Wales, Jorge Arciniega, Daphne Trotter, Jean LeBlanc, Gary Karch, Ellie Hourizadeh, Chris Scheithauer, and Maureen O’Brien, as well as associates Harold Davidson, Bethany Hatef, Patrick Ryan, Laura Olch Rosenblum and Neil Reddy.
McDermott Will & Emery’s Corporate practice represents a wide spectrum of business interests around the world, from global corporations and industry leading companies to privately funded and entrepreneurial driven enterprises, as well as the financial institutions that support them. The Firm’s highly skilled business lawyers focus on solving complex business problems, acting as strategic partners for clients and advising on the full range of corporate needs—strategizing on corporate growth plans and the subsequent need to access the capital markets or via acquisition through either the private and public markets or the bankruptcy courts.
About McDermott Will & Emery
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,100 lawyers, we have offices in Boston, Brussels, Chicago, Düsseldorf, Frankfurt, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, Rome, Seoul, Silicon Valley and Washington, D.C. Further extending our reach into Asia, we have a strategic alliance with MWE China Law Offices in Shanghai.