Nordstrom Mulls New Privatization Bid as Department Stores Struggle
JWNNordstrom(JWN) PYMNTS·2024-03-20 01:20

Nordstrom’s founding family is reportedly mounting another effort to take the retailer private. The department store chain is in negotiations with banks on the deal, Reuters reported Tuesday (March 19), citing unnamed sources. In 2017, Nordstrom put together a special committee to consider a buyout deal, discussing the option with several private equity firms. In 2018, the committee rejected an $8.4 million bid as insufficient, according to the report. PYMNTS contacted the company for comment but did not re ...