Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, announced that it entered into a definitive agreement to sell the Stuart Weitzman brand to Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands. The transaction is expected to close in summer 2025, subject to customary closing conditions.

Latham & Watkins LLP represents Tapestry, Inc. in the transaction with a corporate deal team led by New York partner Leah Sauter and New York/Orange County partner Charles Ruck, with associates Taylor Wood, Blake Clevenger, Brian Herskowitz, Patrick O’Neal, and Nikky Wei. Advice was also provided on China/Hong Kong corporate matters by associate Vincent Jiang; on US tax matters by New York partner Eric Kamerman; on US benefits and compensation matters by New York partner Bradd Williamson, with associates Alisa Hand and Drew Baker; on Spain benefits and compensation matters by Madrid counsel Guillermo Ruiz de Salazar; on France benefits and compensation matters by Paris partner Matthias Rubner; on labor and employment matters by New York counsel Sandra Benjamin, with associate Jane Jeong; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associates Ryan Clore and Kellye Quirk; on data privacy matters by Bay Area partner Robert Blamires, with associate Kathryn Parsons-Reponte; on real estate matters by San Diego partner James Mann, with associate Madeline Hodges; on antitrust matters by Washington, D.C. partners Mandy Reeves and Lindsey Champlin and Washington, D.C. counsel Tara Tavernia, with associate Panya Baldia; on ex-US antitrust matters by Brussels partner Héctor Armengod, with associate Anna Escrigas Cañameras; and on environmental matters by New York counsel David Langer.

ICON, a company pioneering the construction of homes using 3D printing technology, has announced the closing of US$56 million in Series C funding, co-led by Norwest Venture Partners and Tiger Global. The raise represents a first close for the Austin-based ICON, with additional funding of up to US$75 million planned. Existing backers CAZ Investments, LENX, Modern Ventures, Oakhouse Partners, and Overmatch Ventures also participated in the round. This new capital infusion brings ICON’s total raised to over US$500 million.

Latham & Watkins LLP represents ICON in the transaction with a corporate deal team led by Austin partner Scott Craig, with associates Erik Thompson, Jeff Serfass, and Saúl Aguirre-Villarreal.

Mastercard Incorporated has offered US$300 million aggregate principal amount of floating rate notes due 2028, US$450 million aggregate principal amount of 4.550% notes due 2028 and US$500 million aggregate principal amount of 4.950% notes due 2032.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by New York partners Stelios Saffos and Andrew Baker, with associates Shawn Quinn, Sabrina Singh, and Skye Lee. Advice was also provided on tax matters by New York partner Elena Romanova, with associate Nicholas Sun.

Shift4 (NYSE: FOUR), the leader in integrated payments and commerce technology, and Global Blue (NYSE: GB), the leading specialty payments and technology platform enabling tax-free shopping, dynamic currency conversion, and payments solutions to the world’s largest retail brands, have announced they have entered into a definitive agreement under which Shift4 will acquire Global Blue for US$7.50 per common share in cash, representing approximately a US$2.5 billion enterprise value. Subject to the terms of the definitive agreement, Shift4 will acquire Global Blue, which is incorporated in Switzerland and listed on the NYSE, through a tender offer and subsequent statutory squeeze-out merger. As part of the transaction, Shift4 also announced that two current shareholders of Global Blue, Ant International, and Tencent, intend to remain shareholders in the combined business.

Latham & Watkins LLP represents Shift4 in the acquisition with a corporate deal team led by New York partners Andrew Elken and Leah Sauter, with associates Maya Rahwanji, Shirley Zhang, Patrick O’Neal, and Owen Brody; a UK team led by London partner Katie Peek, with associates Cyrus Fung and Stuart McRobbie; a German team led by Düsseldorf counsel Lucas Schweitzer, with associate Alex Belk; and a French team led by Paris partner Pierre-Louis Cléro and counsel Xavier Nassoy, with associate Juliette Gilioli. Advice was also provided on capital markets and equity investment matters by New York partners Marc Jaffe, Ian Schuman, and Adam Gelardi, with associate Zoey Wu; on US regulatory matters by Washington, D.C. partners Makan Delrahim and Peter Todaro, and New York partner Katherine Rocco, with associates Charlie Beller and Ned Brose; on ex-US regulatory matters by London partner David Little, with associates Oscar Hayward and James Mathieson; on FDI matters by Hamburg partner Jana Dammann de Chapto, with Frankfurt associate Enno Mensching; on US finance matters by Washington, D.C. partners Manu Gayatrinath, Christopher Bezeg, Melissa Fabian, and Jason Licht, with associates Shane Alexander, Jen Goldshtein, and Eamon Bousa; on UK finance matters by London partner Hayden Teo, with associate Felix Buddee; on intellectual property matters by New York partner Jeffrey Tochner, with associate Sebastian Moss; on US data privacy matters by Washington, D.C. partner Jennifer Archie and Houston counsel Robert Brown II, with associates Priyanka Krishnamurthy; on UK data privacy matters by London partner Fiona Maclean, with associate Tim Neo; on tax matters by New York partner Eric Kamerman, with associate Chris Zhao; on US employee matters by New York partners Bradd Williamson and Megan Alessi, with associate Anne Bracaglia; on UK employee matters by London partner Kendall Burnett, with associate Joseph Goddard; on French employee matters by Paris partner Matthias Rubner, with associate Cosma Scutiero; on German employee matters by Munich partner Kristina Hufnagel, with associate Martina Hoelzer; on Spanish employee matters by Madrid partner Naiara Rodriguez-Escudero, with associate María Goñi; on public company representation matters by New York counsel Emily Corbi, with associates Naseem Faqihi Alawadhi and Ashley Lee; on fintech matters by Washington, D.C. partner Barrie VanBrackle, with associate Justin Talarczyk; on financial regulatory matters by London partner Stuart Davis, with associates Sam Maxson, Maria Georgiou, and Ema Uncovska; on CFIUS matters by Washington, D.C. counsel Catherine Hein, with associate Elliot Hecht; on US ABAC matters by Washington, D.C. counsel Katherine Sawyer, with associate Faiza Hasan; on UK ABAC matters by London partner Clare Nida; on Italian ABAC matters by Milan partner Cesare Milani; on French ABAC matters by Paris partner Fabrice Fages, with associate Andra-Cristina Tihauan; on US sanctions matters by Washington, D.C. counsel Ruchi Gill, with associates Matthew Crawford and Monica Calce; on UK sanctions matters by London partner Robert Price, with associate Amaryllis Bernitsa; and on RWI matters by Los Angeles partners S. Drew Levin and Harrison White, with associate Enrique Covarrubias.

Latham & Watkins LLP is proud to have represented SKIMS in its collaboration agreement with Nike, Inc. announced today, pursuant to which SKIMS and NIKE will launch NikeSKIMS, a new set of offerings from two of the most iconic names in sport and style.

Latham & Watkins LLP represents SKIMS in the agreement with a corporate team lead by New York partners Keith Halverstam and Ian Nussbaum, and Los Angeles partner Ghaith Mahmood, with associate Nicole Nour.

Latham & Watkins has advised General Atlantic, a leading global growth equity firm, on its investment in KAYALI, the fragrance business founded by Huda and Mona Kattan in 2018 under the parent company Huda Beauty. Mona Kattan, the face and driving force behind KAYALI’s dramatic growth, will partner with General Atlantic to jointly own KAYALI post-sale. With General Atlantic’s investment, KAYALI will now operate as an independent company, marking a significant step forward in its journey.

KAYALI’s partnership with General Atlantic will provide the necessary resources and expertise to accelerate the brand’s evolution while maintaining its authenticity, creativity, and deep connection with its community. Mona Kattan will continue her role as KAYALI’s CEO, leading the brand into its next phase of growth and transformation.

The Latham team was led by London corporate partners David Walker and Huw Thomas, with Dubai associate Tarek Soliman.

Arcus Biosciences, Inc. (NYSE:RCUS), a clinical-stage, global biopharmaceutical company focused on developing differentiated molecules and combination therapies for people with cancer, has announced the pricing of an underwritten offering of 13,636,364 shares of its common stock at an offering price of US$11 per share, for total gross proceeds of approximately US$150 million, before deducting underwriting discounts and commissions and offering expenses payable by the company. All of the common stock is being offered by the company. The offering is expected to close on or about February 19, 2025, subject to customary closing conditions.

Latham & Watkins LLP represents Arcus Biosciences in the transaction with a corporate team led by Bay Area partners Mark Roeder and John Williams, with associates Caitlin Nguyen, Chelsi DeTurk, and Kelsey MacKinnon. Advice was also provided on intellectual property matters by San Diego/Bay Area partner Christopher Hazuka and San Diego counsel Robert Yeh, with associate Kristina Funahashi; on regulatory matters by Washington, D.C. partner Elizabeth Richards, Bay Area partner Betty Pang, and Washington, D.C. counsel Chad Jennings, with associate Evan Miller; on tax matters by Bay Area partners Kirt Switzer and Grace Lee, with associate Alphonse Simon; and on compensation and benefits matters by Bay Area partner Jay Metz.