Top 10 Legal Advisors in the Retail & Wholesale Industry in the World in 2022 by Deal Volume

Kirkland & Ellis LLP, AZB & Partners, White & Case LLP, DLA Piper LLP, and Latham & Watkins LLP are among the top 5 legal advisors in the retail & wholesale industry in 2022 by deal volume. Naver-Poshmark was a major deal in the Retail & Wholesale sector in 2022. Kirkland & Ellis LLP served as legal advisor to Naver Corp, while Goodwin Procter LLP served as legal advisor to Poshmark Inc. Naver Corp, Korea’s internet company, and Poshmark, Inc, a US-based social e-commerce marketplace for new and secondhand style, announced that they have entered into a definitive agreement under which Naver will acquire all of the issued and outstanding shares of Poshmark for $17.90 in cash, representing an enterprise value of approximately $1,200 million. The acquisition expands and diversifies Naver’s leading e-commerce platform, strengthens its community with a global social network of younger users, and positions it to capitalize on the global online fashion re-commerce and sustainable economic opportunity. Zomato-Blinkit (Grofers) is another major deal in the Retail & Wholesale sector in 2022. AZB & Partners served as legal advisor to Tiger Global Management LLC. Zomato Private Limited, an online food delivery service provider, has agreed to acquire 33,018 equity shares of Blinkit, formerly Grofers India Pvt. Ltd., an e-commerce shopping platform, for consideration of $569 million in an all-stock deal, at a price of INR13.45 lakh per equity share, from SoftBank, Tiger Global, and Sequoia Capital. Both the companies Zomato and Grofers are based in India. The Kroger-Albertsons is one of the major deals in the Retail & Wholesale sector in 2022. Gotshal & Manges LLP and Arnold & Porter Kaye Scholer LLP served as legal counsel to Kroger, while Jenner & Block LLP served as corporate legal counsel, and White & Case LLP and Debevoise & Plimpton LLP served as antitrust legal counsel to Albertsons. The Kroger Co (Kroger) a US-based in-store and online grocery retailer, has entered into a definitive agreement to acquire a 100% stake in Albertsons Companies Inc, a chain of supermarkets and drug stores, for a total consideration of $24,600 million.