Nordstrom Family Takes Iconic Retailer Private in a $6.25 Billion Deal

“For over a century, Nordstrom has operated with a foundational principle of helping customers feel good and look their best,” said Erik Nordstrom, chief executive officer of Nordstrom in a press release. “Today marks an exciting new chapter for the business.

On behalf of my family, we look forward to working with our teams to ensure Nordstrom thrives long into the future.” Pete Nordstrom, chief brand officer of Nordstrom added: “Since our founding in 1901, we have been committed to providing our customers with the best possible service – and to improving it every day.

We look forward to building on that commitment in this next phase of the Company’s evolution.” “Nordstrom is one of the worldwide leaders in department store retailing, and we’re thrilled to be investing in a company that has meaningfully shaped the industry for nearly 125 years,” said Graciano F.

Guichard G., executive chairman of the Board of Directors of Liverpool. “We are honored to partner with the Nordstrom Family and the Company’s talented team as they continue to deliver outstanding service to customers.” Deal Details The Nordstrom family will retain a majority ownership with 50.1% of the company, while El…