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Nordstrom Announces Completion of Acquisition by Nordstrom Family and Liverpool
- On May 20, 2025, Erik, Pete, Jamie Nordstrom, additional family members, and the Mexican retail company El Puerto de Liverpool finalized a purchase of Nordstrom in Seattle, acquiring the company entirely with cash.
- This acquisition follows the Nordstrom family’s 2017 plan to take the company private due to retail contractions caused by online shopping and public market pressures.
- Liverpool is a major Mexican omnichannel retailer with 310 stores, 119 boutiques, 29 shopping centers, over 7.6 million credit card holders, and 78,000 employees nationwide.
- The acquisition was completed at a price of $24.25 for each share, with Nordstrom shareholders receiving additional payments totaling $0.3962 per share, which includes a $0.25 special cash dividend and a $0.1462 dividend representing the quarterly stub period payout.
- Erik and Pete Nordstrom will co-lead the Company as Co-CEOs, emphasizing continued focus on service, merchandise, growth, and social responsibility in this new chapter.
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Big Bear Grizzly+8 Reposted by 8 other sources
Nordstrom Announces Completion of Acquisition by Nordstrom Family and Liverpool
SEATTLE, May 20, 2025 /PRNewswire/ -- Nordstrom, Inc. (the "Company") today announced that Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family and El Puerto de Liverpool, S.A.B. de C.V. ("Liverpool") (BMV: LIVEPOL) have completed their all-cash acquisition…
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