Simon’s Joint Venture With Rue Gilt Goupe


Paul, Weiss represented Simon Property Group in its joint venture with digital commerce pioneer Rue Gilt Groupe to create a new multi-platform venture dedicated to digital value shopping.

Simon and Rue Gilt Group (RGG) are equal partners in the joint venture, which the companies expect to quickly surpass $1 billion in sales, according to a press release. Simon said it would contribute $280 million to the new venture, a figure that includes the value of its Shop Premium Outlets (SPO) e-commerce site that it began testing in March.

The Paul, Weiss team includes corporate partners Ted Ackerman (Picture) and Robert Schumer and counsel Chaim Theil; intellectual property partner Claudine Meredith-Goujon; tax partner David Sicular; real estate partner Peter Fisch; employee benefits partner Andrew Gaines and counsel Reuven Falik; antitrust counsel Yuni Sobel and Marta Kelly; and environmental counsel William O’Brien.

Involved fees earner: Edward Ackerman – Paul Weiss Rifkind Wharton & Garrison; Reuven Falik – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Andrew Gaines – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Robert Schumer – Paul Weiss Rifkind Wharton & Garrison; David Sicular – Paul Weiss Rifkind Wharton & Garrison; Yuni Sobel – Paul Weiss Rifkind Wharton & Garrison; Chaim Theil – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Simon Property Group, L.P.;