Nordstrom Family Makes $3.8 Billion Play To Take Company Private Again
JWNNordstrom(JWN) Forbes·2024-09-04 22:33

Nordstrom Rack expansion has driven sales as the family look to take the company private. (Photo by ... [+] Eugene Gologursky/Getty Images for Nordstrom Inc.)gettyThe Nordstrom family group has offered $3.8 billion to take the department store chain private, bringing the store group back into the family’s hands.To help finance the deal, CEO Erik Nordstrom and his brother, President Pete Nordstrom, have made the offer in conjunction with other members of the family plus Mexico-based retail and real estate co ...