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Notrstrom forms special committee as owners mull taking company private

Notrstrom forms special committee as owners mull taking company private
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Nordstrom family tries again to take department store private

The Nordstrom family is once again considering taking the department store private and has formed a special committee to evaluate bids.

Nordstrom to evaluate founding family s interest in pursuing take-private deal

By Granth Vanaik (Reuters) -Nordstrom said the founding family behind the department store chain had shown an interest in pursuing a potential go-private .

Nordstrom Forms Special Committee of Independent Directors in Response to Erik and Pete Nordstrom Interest in Exploring a Going-Private Transaction

Nordstrom to evaluate founding family s interest in take-private deal

(Reuters) -Nordstrom said the founding family behind the department store chain had shown an interest in pursuing a potential go-private deal, prompting the company's board to form a special committee of independent directors to evaluate any proposal. The move by CEO Erik Nordstrom and President Pete Nordstrom comes at a time when department store chains across the U.S. are grappling with weak sales as sticky inflation and elevated borrowing costs have led customers to rethink their discretionary spending. The Seattle-based retailer said the committee would evaluate any proposals from other parties as well.

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