Bruce Nordstrom, who helped grow family-led department store chain, dies at 90
7 months ago

Bruce Nordstrom, who helped grow family-led department store chain, dies at 90

Associated Press  

SEATTLE — Bruce Nordstrom, a retail executive who helped expand his family’s Pacific Northwest department store chain into an upscale national brand, has died. “Our dad leaves a powerful legacy as a legendary business leader, a generous community citizen and a loyal friend,” said a statement from his sons, Nordstrom CEO Erik Nordstrom and Pete Nordstrom, the company’s president. The chain traces its roots back to a Seattle shoe store opened by Swedish immigrant John Nordstrom and a partner in 1901. He was one of several Nordstrom family members who in 2017 made a push to take the company private, proposing to buy out the 70% of the department store’s stock they didn’t already own.

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Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal
1 day, 2 hours ago

Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal

Associated Press  

Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal with the industry being squeezed by discount chains and other competition. The offer announced Monday tops the previous $23-per-share bid that the Nordstrom family and Mexican retail group, El Puerto de Liverpool, made in …

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