The deal with Mexican retailer El Puerto de Liverpool is worth $6.25 billion
Published in Seattle Magazine
By Rob Smith
May 20, 2025
Nordstrom is now a private company.
The iconic Seattle-based retailer has closed its $6.25 billion deal to go private with Mexican retailer El Puerto de Liverpool in an all-cash transaction.
Brothers Erik and Pete Nordstrom — great grandsons of company founder John W. Nordstrom — will lead the company as co-CEOs. Nordstrom common stock will be delisted starting tomorrow.
Company stock was up slightly today during its last day of trading, closing at $24.66 per share. It is up about 2% on the year.
“The completion of this transaction is an important milestone in our nearly 125-year history,” Erik Nordstrom said. “We look forward to building on Nordstrom’s strong foundation to reach even greater heights.”
The deal with El Puerto de Liverpool was first announced last December. El Puerto de Liverpool was founded in 1847 and operates 310 stores under the Liverpool and Suburbia banners, 119 specialized boutiques and 29 shopping centers.
A retail analyst told Seattle magazine last year that “Nothing should really change” if Nordstrom went private, but added that “it’s likely that Nordstrom would make some changes and cut costs” after going private. Placer.ai, a company that tracks cell phone data to monitor foot traffic, called the retailer one of its “10 Top Brands to Watch in 2025.”
Nordstrom tried to go private more than seven years ago but financing fell through.
Nordstrom was founded as a shoe store in downtown Seattle in 1901. It now operates more than 350 full-line department stores and Rack locations. The company is particularly focused on its off-price Rack stores — it opened 23 last year and plans to open another 21 this year.
