Nordstrom, the renowned American luxury department store chain, has announced its acquisition by its founding family and Mexican retailer El Puerto de Liverpool. The deal, valued at $6.25 billion including debt, was first reported by Reuters over a minute ahead of other news outlets.
This strategic move will take Nordstrom private, marking a significant shift in the company’s 119-year history. The acquisition is valued at approximately $4 billion, with the founding family set to pay around $37 per share, representing a premium of about 25% compared to the stock price prior to rumors circulating about the potential buyout.
The transaction is expected to be completed in the second half of 2025, subject to customary closing conditions and regulatory approvals. The combined entity will operate under the Nordstrom brand, with plans to leverage El Puerto de Liverpool’s strong presence in Mexico to expand Nordstrom’s reach into new markets.
In a joint statement, the Nordstrom family and El Puerto de Liverpool expressed their commitment to preserving Nordstrom’s unique heritage while driving growth through innovation and strategic expansion. The acquisition is seen as an opportunity to strengthen both brands’ positions in the global luxury retail landscape.
This deal comes at a time when the retail industry is experiencing significant shifts, with traditional brick-and-mortar stores facing increasing competition from e-commerce platforms. Nordstrom’s decision to go private may provide the company with more flexibility and agility to navigate these challenges and invest in its digital capabilities.
As one of America’s most iconic fashion retailers, Nordstrom’s transition to a privately-held company is being closely watched by industry observers. The success of this acquisition will not only determine the future trajectory of Nordstrom but also set a precedent for other retail businesses considering similar moves.