Nordstrom is going private. Here's how the Seattle family built its retail empire.

Core Insights - The Nordstrom family is in the final stages of taking the department store chain private, with an enterprise value of $6.25 billion [1][3] - The deal involves Nordstrom's great-grandsons, Pete and Erik, along with their cousin Jamie Nordstrom and Mexican retailer El Puerto de Liverpool [1][3] - The transition follows the death of Bruce Nordstrom, who played a significant role in the company's growth and international prominence [2][3] Company Background - Nordstrom started as a single shoe store in Seattle in 1901 and has grown into a major name in fashion retail [2][3] - Bruce Nordstrom, the grandson of the founder, had a four-decade career that significantly contributed to the retailer's expansion [2]