The Los Angeles Post
U.S. World Business Lifestyle
Today: March 27, 2025
Today: March 27, 2025

Exclusive-Nordstrom's founding family in new bid to take U.S. retailer private, sources say

July 02, 2024

By Greg Roumeliotis and Abigail Summerville

FILE PHOTO: Nordstrom department store is shown at a shopping center in San Diego, California

NEW YORK (Reuters) - The founding family behind Nordstrom Inc is seeking to take the U.S. department store operator private, six years after a similar attempt proved unsuccessful, people familiar with the matter said on Tuesday.

Nordstrom has asked investment banks Morgan Stanley and Centerview Partners to reach out to private equity firms and gauge their interest for a potential deal, the sources said.

There is no certainty that a deal will happen, the sources added, asking not to be identified because the matter is confidential.

Nordstrom, Centerview and Morgan Stanley did not immediately respond to requests for comment

(Reporting by Greg Roumeliotis and Abigail Summerville in New York; Editing by Chizu Nomiyama)

Share This

Popular

Asia|Business|Environment|Food|Science

Climate change and overfishing threaten Vietnam’s ancient tradition of making fish sauce

Climate change and overfishing threaten Vietnam’s ancient tradition of making fish sauce
Business|Political|Technology|US

US robotics companies push for national strategy, including a central office, to compete with China

US robotics companies push for national strategy, including a central office, to compete with China
Business|Technology|US

Judge allows newspaper copyright lawsuit against OpenAI to proceed

Judge allows newspaper copyright lawsuit against OpenAI to proceed
Business|Economy|Finance|Political|Stock Markets|US

Trump places 25% tariff on imported autos, expecting to raise $100 billion in tax revenues

Trump places 25% tariff on imported autos, expecting to raise $100 billion in tax revenues

Australia

Australia|Environment|Science

They are known as silent killers. Now, unprecedented recordings reveal first known shark sounds

They are known as silent killers. Now, unprecedented recordings reveal first known shark sounds
Australia|Business|Economy|Election|Political

Australian government seeks to woo voters with surprise tax cuts

Australian government seeks to woo voters with surprise tax cuts
Australia|Business|Europe|Travel

Qantas CEO says Project Sunrise flights to start in 2027

Qantas CEO says Project Sunrise flights to start in 2027
Australia|Election|Political|World

Australia air force pilots also heard Chinese navy live-fire warning on radio

Australia air force pilots also heard Chinese navy live-fire warning on radio

Access this article for free.

Already have an account? Sign In