LAFAYETTE, La. (KPEL News) - An iconic luxury retail brand with a significant presence in Louisiana and Texas, is about to enter a transformative phase. In a $6.25 billion acquisition deal, ...

Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal with the industry being squeezed ...

Department store chain Nordstrom will be acquired by its founding family and Mexican retailer Liverpool for nearly $4 billion in an all-cash deal, going private at a time when high-end retailers ...

Nordstrom on Monday announced it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom’s founding family and Mexican department store ...

Nordstrom (JWN) is returning to its private roots after years of earnings struggles and investor indifference. The founding Nordstrom family, who owned a roughly 33% stake, teamed up with retail ...

NEW YORK, NEW YORK - OCTOBER 22: Erik Nordstrom, Pete Nordstrom, Jamie Nordstrom, and Chris Wanless ... [+] attend the Nordstrom NYC Flagship Opening Party on October 22, 2019 in New York City.

Image of Nordstrom store in Downtown Seattle. (Photo: KOMO News) TOPICS: SEATTLE — Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members ...

Rivals such as Macy's and Kohl's have been forced to consider sweeping changes under pressure from investors, while Nordstrom's sales have largely stagnated over the past decade. Nordstrom has ...

Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, or about $4 billion in all, representing a 42% premium on the company's stock as of March 18, when ...

(Bloomberg) — The Nordstrom family is joining forces with a Mexican retailer to take its namesake department store private in an all-cash transaction valued at about $6.25 billion, including debt.

Erik and Pete Nordstrom are the fourth-generation leaders of the Seattle-based upscale retailer, which was founded in 1901 as a shoe store. "Nordstrom is one of the worldwide leaders in department ...