Headlines

Nordstrom Remains Public

Talks with the founding family to take the retailer private have ended

Published

6 years ago

March 22, 2018

Nordstrom (Seattle) says it will remain in the public arena and talks to take the company private by the founding family have ended.

The Nordstrom family group included the company’s Co-Presidents Blake W. Nordstrom, Peter E. Nordstrom, and Erik B. Nordstrom; President of Stores James F. Nordstrom; Chairman Emeritus Bruce A. Nordstrom; and Anne E. Gittinger. The group began discussions last year about acquiring the company and taking it private.

The company’s special committee said that the two sides were not able to agree on an acceptable price. Earlier this month, the family group submitted an offer of $50 a share.

According to Chain Stor e Age, “The decision by the special committee to end discussions with the family about taking the retailer private comes amid increased caution by lenders to make big investments in retail acquisitions, which often result in the acquired companies being saddled with a heavy debt load.”

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design