Erik and Pete Nordstrom, in collaboration with Mexican retail giant El Puerto de Liverpool, have submitted a $3.8 billion buyout proposal to take Nordstrom private. This move, valued at $23 per share, would return the Nordstrom family to a majority ownership position with a 50.1% stake in the company.
While the offer is currently under review by a special committee of Nordstrom’s board, it reflects a positive trend in retail—allowing companies to make strategic changes away from public market pressures. Nordstrom, a trusted name since 1901, was privately held for 70 years, and going private again could open doors for innovation and flexibility in a rapidly evolving retail environment.
