Retailer Nordstrom Inc. (NYSE: JWN) is buying Trunk Club, a personalized clothing service for men.
Trunk Club, headquartered in Chicago, provides personal stylist services to members. The company ships the clothes to customers, who keep the ones they like and return the rest to the company for free. Trunk Club will continue to operate independently. The company has $12.4 million in venture capital backing from groups including US Venture Partners, Apex Venture Partners, Greycroft Partners and Anthos Capital. Trunk Club is headed by CEO Brian Spaly, who co-founded clothing brand Bonobos.