Nordstrom, Erik B

Nordstrom to Be Taken Private By Founding Family and El Puerto de Liverpool

The business will be acquired by members of the family and El Puerto de Liverpool, a Mexican real estate and department store company that has owned a stake in Nordstrom since 2022.

By Jordyn Holman

Company Reports Consumer Behavior Family Business Mergers, Acquisitions and Divestitures Nordstrom Inc Nordstrom, Erik B Shopping and Retail

The Big Number: $3.8 Billion

The amount offered by Nordstrom’s founding family to buy its namesake retailer.

By Santul Nerkar

Mergers, Acquisitions and Divestitures Nordstrom Inc Nordstrom, Erik B Shopping and Retail

Nordstrom Family Offers $3.8 Billion to Buy Its Namesake Retailer

The $23-per-share offer by the department store’s founding family comes as retailers struggle to navigate new shopping trends and costly real estate.

By Lauren Hirsch and Jordyn Holman