Nordstrom to be taken private in $6.25 billion deal from founding family and Mexican retail group
Briefly

"Nordstrom has been facing withering competition from retail giants like Walmart and Target, alongside fast-fashion brands and Amazon, leading to stagnating sales and the closure of its Canadian stores."
"The acquisition by Nordstrom family members and El Puerto de Liverpool will allow the company to operate privately, potentially giving it more flexibility to revive the brand amidst increasing competition in the retail sector."
Read at Fast Company
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