Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer
Posted: Dec 23, 2024
- Nordstrom to go private in $6.25 billion buyout deal from founding family and El Puerto de Liverpool
- Nordstrom family to have 50.1% ownership, Liverpool to own 49.9%
- Common shareholders to receive $24.25 in cash per share
- Previous attempt to go private in 2018
- Stock fell 1% after announcement
- Nordstrom beat sales expectations in November
- Luxury clothing stores facing pressure from customers focusing on price
- Nordstrom founded as a shoe store in 1901, operates over 350 locations
- El Puerto de Liverpool owns Liverpool and Suburbia department store chains in Mexico
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