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Sycamore Partners is one of the buyout equity firms that have expressed interest in taking U.S. department store Nordstrom private, according to people familiar with the matter.
Nordstrom will roll out a new digital marketplace on its website, Nordstrom.com, along with an enhanced search feature. The marketplace will provide the luxury retailer's customers with a wider selection of products, brands and sizes, while allowing its brand partners to showcase more of their products, Nordstrom said in a Monday (April 29) blog post.
It's a repeat effort. After a try in 2017, the two Nordstrom brothers are trying again to take their company private and out of the limelight.
Nordstrom, Inc. (NYSE:JWN), founding family is interested in taking the department store chain private, the company announced on Friday. Upon interest in a go-private deal from CEO Erik Nordstrom and president Pete Nordstrom, the company said it has created a special committee of independent directors to evaluate this avenue.
Nordstrom's CEO Erik Nordstrom and President Pete Nordstrom have told the retailer's board that they're interested in taking the company private. As a result, the board has formed a special committee of independent and disinterested directors that will evaluate any proposals from those executives and from other parties, the company said in a Thursday (April 18) press release.
The Nordstrom family is once again considering taking the department store private and has formed a special committee to evaluate bids.
The department store is forming a special committee to explore a bid to take the company private.
Nordstrom said on Thursday that its board had formed a special committee of independent directors in response to the Nordstrom family's interest in exploring a go-private deal.
Department-store chain Nordstrom Inc. JWN has formed a special committee of independent directors to explore going private, the company said on Thursday. The chain's board made that decision after Erik Nordstrom and Pete Nordstrom, the company's chief executive and president, expressed interest in such a deal.
Nordstrom (JWN) focuses on three key priorities for fiscal 2024, which include driving growth at Nordstrom banner, optimizing operations and building on momentum at Rack banner.