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Nordstrom to go private in $6.25 billion deal with family and Mexican partner

Dec 23, 2024•over 1 year ago

Contract Type

partnership

SeattleRetail

Description

Nordstrom is set to go private in a $6.25 billion acquisition led by the Nordstrom family in partnership with the Mexican retail group, El Puerto de Liverpool. This deal will allow Nordstrom to address long-standing challenges and make necessary long-term investments away from the short-term scrutiny of public markets.

Company Information

Company

Nordstrom

Location

Seattle, Washington, United States

About

Nordstrom, Inc. exists to help customers feel good and look their best. Founded in 1901 as a shoe store, Nordstrom has always put customer service at the heart of every decision. Today, its interconnected model allows customers to shop when, where, and how they prefer—across more than 350 Nordstrom, Nordstrom Local, and Nordstrom Rack locations, as well as through its apps and websites. With a focus on convenience, connection, and responsibility, Nordstrom remains committed to making a positive impact on the world.

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