financetom
Business
financetom
/
Business
/
Exclusive-Nordstrom's founding family in new bid to take U.S. retailer private, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Exclusive-Nordstrom's founding family in new bid to take U.S. retailer private, sources say
Mar 19, 2024 6:57 AM

NEW YORK (Reuters) - The founding family behind Nordstrom Inc ( JWN ) is seeking to take the U.S. department store operator private, six years after a similar attempt proved unsuccessful, people familiar with the matter said on Tuesday.

Nordstrom ( JWN ) has asked investment banks Morgan Stanley ( MS ) and Centerview Partners to reach out to private equity firms and gauge their interest for a potential deal, the sources said.

There is no certainty that a deal will happen, the sources added, asking not to be identified because the matter is confidential.

Nordstrom ( JWN ), Centerview and Morgan Stanley ( MS ) did not immediately respond to requests for comment

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exclusive-Unilever proposes Peter ter Kulve as CEO of listed ice cream unit
Exclusive-Unilever proposes Peter ter Kulve as CEO of listed ice cream unit
Jun 17, 2025
LONDON (Reuters) -Unilever ( UL ) said on Tuesday that it has proposed its soon-to-be listed ice cream business will be led by Peter ter Kulve, whom the Ben & Jerry's ( UL ) board has accused in lawsuits of eye-popping ignorance and muzzling its social purpose policies. Approval of the full board of The Magnum Ice Cream Company by...
Netflix set to launch third themed venue in Las Vegas
Netflix set to launch third themed venue in Las Vegas
Jun 17, 2025
June 17 (Reuters) - Netflix ( NFLX ) said on Tuesday it will launch a third themed entertainment venue in 2027, this time in Las Vegas, as the company looks to broaden its brand presence and profile beyond streaming. The Netflix House allows fans to immerse themselves in the worlds of their favorite shows and movies and will include themed...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
NXP Semiconductors Completes TTTech Auto Acquisition
NXP Semiconductors Completes TTTech Auto Acquisition
Jun 17, 2025
09:19 AM EDT, 06/17/2025 (MT Newswires) -- NXP Semiconductors ( NXPI ) said Tuesday it completed the acquisition of TTTech Auto, a provider of systems and middleware for software-defined vehicles. NXP said that to keep operating inside an open industry ecosystem, TTTech Auto's services will have a neutral position and support system-on-chips manufacturers, original equipment manufacturers and third-party software partners....
Copyright 2023-2026 - www.financetom.com All Rights Reserved