Simpson Thacher Represents Dillard’s in Connection with Wells Fargo’s Agreement to Manage Dillard’s Private Label and Co-Branded Credit Card Program
04.02.14
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Simpson Thacher is representing Dillard’s, Inc. (“Dillard’s”) in connection with the announced program agreement by Wells Fargo Bank, N.A. (“Wells Fargo”) to provide private label and co-branded credit card services for Dillard’s. The program agreement has a ten year term and is anticipated to become operational in the fourth quarter of 2014.
Dillard’s ranks among the nation's largest fashion apparel, cosmetics and home furnishings retailers with annual sales exceeding $6.5 billion. The Company focuses on delivering maximum fashion and value to its shoppers by offering compelling selections complemented by exceptional customer care. Dillard's stores offer a broad selection of merchandise and feature products from both national and exclusive brand sources.
The Simpson Thacher team for this transaction includes Maripat Alpuche, Lauren Colasacco and Lowell Battles (M&A); Jon Goldstein and Devin Heckman (Tax); and Lori Lesser, Jodie Sopher Pimentel and Zara Ohiorhenuan (IP).