Nordstrom to go private in $6.25 billion deal with family and Mexican partner
12/23/24, 8:12 PM
Location
seattleMoney
$6.25 billion
Type
partnership
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 Info
Location
seattle, washington, united states
Additional Info
Nordstrom, Inc. is a leading fashion retailer focused on customer service and offering top merchandise. Founded in 1901, it operates over 350 locations and provides a seamless shopping experience both in-store and online. The company has a rich heritage of service and is committed to community engagement. It aims to help customers feel good and look their best.