Nordstrom confirms it’s looking to go private, with founding family interested in deal

Nordstrom confirms it’s looking to go private, with founding family interested in deal

Nordstrom Inc. has formed a special committee of independent directors to explore going private, the company said on Thursday — a move that arrives as clothing retailers struggle with subdued demand and pressure from investors for stronger profits.

The department-store chain JWN said its board formed the committee after members of the company’s founding family — Chief Executive Erik Nordstrom and President Pete Nordstrom — expressed interest in such a deal.

www.marketwatch.com/story/nordstrom-forms-special-committee-to-explore-going-private-24b6ba80?mod=mw_latestnews

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *