Taft is pleased to have acted as legal counsel to Retail Ecommerce Ventures LLC (REV) in connection with its strategic investment in Tuesday Morning Corporation. The transaction featured a $32 million investment from a special purpose vehicle formed by REV and Ayon Capital, L.L.C. In addition, another $3 million was invested by certain members of Tuesday Morning’s management team, including Chief Executive Officer Fred Hand.
REV is the owner of a diverse portfolio of consumer brands that includes Pier 1 Imports, Dressbarn, RadioShack, Linens ‘n Things, Stein Mart, and Modell’s Sporting Goods. Tuesday Morning is a leading off-price retailer of home goods and décor. Read the release here.
Taft’s legal team was led by Mark Fazio and included Tracey Puthoff, Lourdes Perrino, Art McMahon, Kathleen Eick, Lindsey Rothrock, Bryar Brandvold, and Ashley Wetzel.