Nordstrom family to take high-end retail chain private in $4B deal: ‘Exciting new chapter’
Nordstrom will become a private company as a result of the deal, which was unanimously approved by the board of directors.
The Nordstrom family struck a deal to take their namesake department store chain private. Here's how they built their retail empire.
The Nordstroms built their empire from a single shoe store in Seattle to one of the biggest names in fashion retail.
Who Is the Nordstrom Family? Department Store Goes Private in $6.25B Deal
Nordstrom has been family-owned since being founded in Seattle in 1901 by John W. Nordstrom, a Swedish immigrant.
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Nordstrom family to acquire namesake department store chain for $6B
Founded in 1901 as a shoe store, CEO Erik Nordstrom and Chief Brand Officer Pete Nordstrom helm the fourth-generation-led business. El Puerto de Liverpool operates more than 300 stores and an e ...
The Washington Post15d
Nordstrom family takes department store chain private in $6.25 billion deal
The Nordstrom family tried to take the company private about seven years ago but fell short. It went public about 70 years after it was founded as a shoe store in 1901. Monday’s announcement ...
Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal
The century-old department store has agreed to be taken private as the industry is squeezed by discount chains and other competition.
Oregonian15d
Nordstrom family will buy department store in venture with Mexican retail group
Erik and Pete Nordstrom are the fourth-generation leadership at the Seattle retailer, which was founded in 1901 as a shoe store. Erik is the company’s chief executive and Peter is president.