Nordstrom to Go Private in $6.25 Billion Deal Amid Retail Challenges

Nordstrom's founding family and El Puerto de Liverpool agree on a $6.25 billion buyout, aimed at revitalizing the struggling department store chain.

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The Nordstrom family struck a deal to take their namesake department store chain private. Here's how they built their retail empire.

Business Insider

Nordstrom family to take high-end retail chain private in $4B deal: ‘Exciting new chapter ‘

New York Post

Nordstrom to go private in $6.25 billion deal with Nordstrom family and Mexican retail group

CBS News

Nordstrom going private in $6.25B deal with founding family, Mexican retailer

Fox Business

Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer

CNBC

Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal

Associated Press

Overview

A summary of the key points of this story verified across multiple sources.

Nordstrom has announced a $6.25 billion buyout by its founding family and Mexican retailer El Puerto de Liverpool, transitioning to private ownership. Shareholders will receive $24.25 per share, a 42% premium, while the Nordstroms will hold a 50.1% stake. The deal comes as department stores face significant competition from discount retailers, and aims to provide the family more freedom to revitalize the brand without public scrutiny. The transaction is anticipated to close in the first half of 2025, following a longstanding effort to go private.

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