News & Analysis

Nordstrom Lenders Demanded Interest Rate the Family Couldn't Pay, Say Sources

17 October 2017 • By Bloomberg

17 October 2017 • By Bloomberg

Nordstrom's founding family needed roughly $7 billion to take the department store private, with lenders thought to have demanded twice the average borrowing cost for typical retailers.

171 Shares Comment

News & Analysis

Nordstrom Lenders Demanded Interest Rate the Family Couldn't Pay, Say Sources

Nordstrom's founding family needed roughly $7 billion to take the department store private, with lenders thought to have demanded twice the average borrowing cost for typical retailers.

News & Analysis

Nordstrom Pauses Search for Buyout Partner

16 October 2017 • By Associated Press

16 October 2017 • By Associated Press

The Nordstrom family is no longer actively looking to close on a sale this year but will resume after the holiday season ends.

3 Shares Comment

News & Analysis

Nordstrom Pauses Search for Buyout Partner

The Nordstrom family is no longer actively looking to close on a sale this year but will resume after the holiday season ends.

News Bites

Disruptive Sneaker Brand Greats Partners with Nordstrom

4 October 2017 • By Grace Cook

4 October 2017 • By Grace Cook

The direct-to-consumer footwear label enters the wholesale game for the first time in a deal with the American department store.

801 Shares1 Comment

News Bites

Disruptive Sneaker Brand Greats Partners with Nordstrom

The direct-to-consumer footwear label enters the wholesale game for the first time in a deal with the American department store.

News & Analysis

Nordstrom Shares Drop on Report That Its Buyout Deal Is Losing Support

2 October 2017 • By Bloomberg

2 October 2017 • By Bloomberg

Shares fell as low as $44.01 in premarket trading on Monday, as the Nordstrom family struggle to amass the financing needed for the buyout.

1 Share Comment

News & Analysis

Nordstrom Shares Drop on Report That Its Buyout Deal Is Losing Support

Shares fell as low as $44.01 in premarket trading on Monday, as the Nordstrom family struggle to amass the financing needed for the buyout.

News & Analysis

Nordstrom Shares Jump on Report That Leonard Green May Fund Buyout

12 September 2017 • By Bloomberg

12 September 2017 • By Bloomberg

Shares in the American retail giant surged as much as 12 percent to $50.30 following reports of a buyout, after its store concept received a chilly reception from investors.

1 Share Comment

News & Analysis

Nordstrom Shares Jump on Report That Leonard Green May Fund Buyout

Shares in the American retail giant surged as much as 12 percent to $50.30 following reports of a buyout, after its store concept received a chilly reception from investors.

News & Analysis

Report: Nordstrom Family Offers Preferential Terms to Clinch Buyout Partner

27 July 2017 • By Reuters

27 July 2017 • By Reuters

The family's decision to offer concessions underscores the apprehension of investors over leveraged buyouts of department store chains like peer Neiman Marcus Group.

12 Shares Comment

News & Analysis

Report: Nordstrom Family Offers Preferential Terms to Clinch Buyout Partner

The family's decision to offer concessions underscores the apprehension of investors over leveraged buyouts of department store chains like peer Neiman Marcus Group.

News & Analysis

Nordstrom Website Crashes During Anniversary Sale

13 July 2017 • By Associated Press

13 July 2017 • By Associated Press

Online shoppers looking to score bargains during the Nordstrom anniversary sale saw their virtual carts emptied at checkout.

91 Shares1 Comment

News & Analysis

Nordstrom Website Crashes During Anniversary Sale

Online shoppers looking to score bargains during the Nordstrom anniversary sale saw their virtual carts emptied at checkout.

News & Analysis

Report: Nordstrom Family Launches Search for Buyout Partner

9 June 2017 • By Reuters

9 June 2017 • By Reuters

The Nordstrom family is talking to buyout firms about raising $1 billion to $2 billion to fund a potential bid to take the department store group private, according to people familiar with the matter.

30 Shares Comment

News & Analysis

Report: Nordstrom Family Launches Search for Buyout Partner

The Nordstrom family is talking to buyout firms about raising $1 billion to $2 billion to fund a potential bid to take the department store group private, according to people familiar with the matter.

News & Analysis

Op-Ed | Why Nordstrom Will Go Private on the Cheap

8 June 2017 • By Bloomberg

8 June 2017 • By Bloomberg

Members of the Nordstrom family are considering buying out their fellow shareholders and taking the retailer private.

199 Shares Comment

News & Analysis

Op-Ed | Why Nordstrom Will Go Private on the Cheap

Members of the Nordstrom family are considering buying out their fellow shareholders and taking the retailer private.

News & Analysis

Nordstrom Family Exploring Deal to Take Retailer Private

8 June 2017 • By Reuters

8 June 2017 • By Reuters

Members of the controlling Nordstrom family have formed a group to consider taking the company private.

24 Shares Comment

News & Analysis

Nordstrom Family Exploring Deal to Take Retailer Private

Members of the controlling Nordstrom family have formed a group to consider taking the company private.