Nordstrom family eyes go-private deal—again
Posted on AllSides April 18th, 2024
From The Center
Nordstrom Inc.’s founding family has notified the board of its interest in taking the company private. The department-store chain formed a special committee to evaluate any proposal from Chief Executive Officer Erik Nordstrom and Pete Nordstrom, the company’s president, the retailer said in a statement Thursday. The shares rose 2% in extended trading. They had closed 4.4% higher after the Nordstrom family’s interest was reported earlier by the Wall Street Journal. Erik and Pete Nordstrom are “probably thinking that they need to take it private to do some significant changes...
Some content from this outlet may be limited or behind a paywall.