Nordstrom announced Monday a $6.25 billion buyout deal to become a private company, jointly funded by its founding family and Mexican retailer El Puerto de Liverpool. According to the company, the Nordstrom family will hold a 50.1% majority stake, while Liverpool will own 49.9%. The deal,...
Nordstrom family members, who control around 30% of the firm's shares, are mulling taking the fashion retailer private, The Wall Street Journal reported on Thursday, citing people familiar with the matter.
To assess the feasibility of the proposal of Erik Nordstrom, the company's chief executive...
Shares of Nordstrom experienced a significant uptick, soaring over 12% on Tuesday, following reports that the renowned department store chain is exploring the possibility of going private.
The Nordstrom founding family is in consultation with Morgan Stanley and Centerview Partners to gauge...
Investor Ryan Cohen took a stake in the department store chain Nordstrom Inc., the Wall Street Journal reported. People familiar with the matter said that he is now among the top shareholders in the company and that he plans to urge it to "make changes to its board following a steep share-price...
Nordstrom Inc. said on Wednesday the ongoing COVID-19 pandemic will have a significant negative impact on its business, warning that a prolonged closure of stores may lead to financial distress.
"The longer our stores remain closed to the public, the greater impact it will have on our results of...
Department store chain Nordstrom stated on Tuesday it has stopped talks with the Nordstrom family about taking the company private. The company's special committee said in a statement that the parties were not able to agree on an acceptable price. Following reports, shares of the company fell...
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