By  on October 3, 2013

HauteLook founder Adam Bernhard is stepping down as chief executive officer of the flash-sale Web site.

“This is entirely his decision,” Jamie Nordstrom, president of Nordstrom Direct, told WWD. “Adam started the business six years ago, and he has done a terrific job, from the start-up phase to raising money and all the way through to the exit strategy.” Nordstrom Inc. purchased HauteLook in February 2011 in a stock deal valued at $270 million.

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