Nordstrom Founding Family Takes Retailer Private in $6 Billion Deal

The Nordstrom family now owns the department store chain bearing their name.Erik, Pete and Jamie Nordstrom and other members of their family, along with Mexican retailer Puerto de Liverpool, announced a deal Monday (Dec. 26) to acquire all of Nordstrom’s outstanding common stock.The buyers pegged the value of the all-cash transaction valued at approximately $6.25 billion, giving the Nordstrom Family a majority ownership stake in the now-private company. The transaction was approved unanimously by the Nordst ...