Companies

Nordstrom goes private

May 30, 2025 United States

The Seattle-based retailer has announced that the brothers Erik and Pete Nordstrom, along with other members of the family, have completed the acquisition of Nordstrom in partnership with El Puerto de Liverpool

Nordstrom has been delisted from the New York Stock Exchange, effective as of the 21^st of May. This followed the finalisation of the acquisition of Nordstrom by Erik, Pete and Jamie Nordstrom, along with other members of the Nordstrom family, and the Mexican company El Puerto de Liverpool, at 24.25 US dollars per share.

The company’s shareholders will also receive cash dividends of 0.25 and 0.1462 US dollars per share, respectively, reflecting the special cash dividend and the quarterly dividend for the “stub period”.

Going forward, Erik and Pete Nordstrom will lead the department store chain as co-CEOs. “The completion of this transaction is an important milestone in our nearly 125-year history”, stated Erik Nordstrom.

“As we embark on this new chapter, we remain focused on what matters most: providing outstanding service, offering the best merchandise, and ultimately, helping our customers feel good and look their best. We’re grateful to our teams for their hard work on behalf of our business and our customers, and we look forward to building on Nordstrom’s strong foundation to reach even greater heights”, he concluded.

Image Credits: therealdeal.com

United States Acquisitions Companies Nordstrom