Nordstrom Family Reclaims Ownership of Iconic Retail Chain in $6.25 Billion Deal
Nordstrom, the 123-year-old upscale department store chain, is set to go private in a $6.25 billion deal led by its founding family in partnership with Mexican retailer El Puerto de Liverpool. The move, announced on Monday, marks a significant shift in the company’s trajectory amid ongoing challenges in the retail sector. Family Takes the Helm…