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Nordstrom is set to go private in a $6.25 billion deal led by its founding family and Mexico's El Puerto de Liverpool. The ...

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Nordstrom will become a private company as a result of the deal, which was unanimously approved by the board of directors.

Retailer has been publicly traded since 1971 but said it sees better growth prospects ahead as a private business.

Shoppers across incomes and generations increasingly say private label brands are just as good as national rivals, according ...