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Nordstrom is going private. Here's how the Seattle family built its retail empire.
JWNNordstrom(JWN) Business Insider·2025-03-04 22:15

Nordstrom's founding family is taking the retail chain private with help from a Mexican retailer.Bruce Nordstrom, whose grandfather started the department store in 1901, died last year.Here's how Nordstrom grew from a single location in Seattle into a fashion empire. The descendants of John W. Nordstrom are in the final stages of taking the eponymous department store chain private.Nordstrom's great-grandsons, Pete and Erik, who are now the company's President and CEO, respectively, are working with cousin J ...