Nordstrom may have more leeway being private to revive a department store chain that has been attempting to reinvigorate sales for years. Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal with the industry being squeezed by discount chains and other competition.
Nordstrom To Be Taken Private In $6.25 Billion Deal From Founding Family And Mexican Retail Group
Associated Press, Fast Company
Tue, 12/24/2024 - 3:30pm
BING NEWS:
- Nordstrom accepts bid to take company private in $6.25 billion deal
The family behind the Nordstrom retail chain, which has Nordstrom Rack location in Warwick, is teaming with a Mexican retailer to take the company private.
12/23/2024 - 8:01 pm | View Link - Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer
As part of the deal, the Nordstrom family will have majority ownership in the company, with 50.1%, and El Puerto de Liverpool will own 49.9%.
12/23/2024 - 11:08 am | View Link - Nordstrom to Go Private in $6.25B Deal With Founding Family, Mexican Retailer
Nordstrom announced on Monday that it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom’s founding family and Mexican department store El ...
12/23/2024 - 10:52 am | View Link - Nordstrom family to take chain private in $6.25 billion deal
The family behind Nordstrom Inc. is joining forces with a Mexican retailer to take Nordstrom’s private a $6.25 billion deal.
12/23/2024 - 10:33 am | View Link - Nordstrom to Go Private in $6.25 Billion Deal with Founding Family and Mexican Retailer
Nordstrom, the iconic American department store chain, has announced plans to go private in a $6.25 billion buyout deal led by its founding family and Mexican retail giant El Puerto de Liverpool. The ...
12/23/2024 - 9:59 am | View Link - More
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