Nordstrom Family Completes Acquisition of Nordstrom with Liverpool's Collaboration

Nordstrom's New Chapter: Family-Driven Leadership

In a significant development for the retail industry, Nordstrom, Inc. has officially announced the completion of its acquisition by the Nordstrom family alongside El Puerto de Liverpool, S.A.B. de C.V. This transaction marks a pivotal moment in the nearly 125-year history of Nordstrom, solidifying its future under family-oriented leadership. The acquisition was finalized with an all-cash deal valuing shares at $24.25 each, along with cash dividends announced for shareholders, reflecting a strong commitment to stakeholder value.

Leadership Transition

With this acquisition, Erik and Pete Nordstrom ascend to the roles of Co-CEOs, embodying the family’s dedication to leading the company into this new phase of growth and innovation. "The completion of this transaction is an important milestone in our nearly 125-year history," commented Erik Nordstrom, emphasizing the commitment to maintaining outstanding customer service and high-quality merchandise.

Pete Nordstrom added, "Since our founding, Nordstrom's commitment to our customers has been at the heart of everything we do," signifying their resolve to stay true to the core values that have propelled the brand's success.

The Financial Landscape

The completion of this acquisition also sees the Nordstrom stock ceasing to trade on the New York Stock Exchange effective May 21, 2025. This strategic move reflects the shift to a privately held entity, allowing the company greater flexibility in its operations. Financial advisors from Morgan Stanley and Centerview Partners facilitated the transition, ensuring that the process adhered to the highest standards of governance and stakeholder engagement.

Future Aspirations

Looking ahead, the Nordstrom family aims to enhance the shopping experience for its customers, focusing on the importance of innovative practices that connect with the evolving consumer landscape. The goal is clear: to provide convenience and a seamless shopping experience both in-store and online. With over 350 retail locations, including Nordstrom, Nordstrom Rack, and specialized boutiques, the brand aims to cement its place as a leader in the retail sector.

About El Puerto de Liverpool

El Puerto de Liverpool brings valuable experience to the partnership, functioning as a leading omnichannel retailer in Mexico. With 310 stores nationwide and a significant e-commerce platform, Liverpool is recognized for its wide array of retail offerings and exceptional service. This merger not only strengthens Nordstrom's market position but also enhances the customer experience by integrating Liverpool's innovative retail strategies.

A Commitment to Excellence

As both companies align their missions, there is a shared commitment to creating an unparalleled shopping environment. The Nordstrom family’s involvement in the leadership foreshadows a focus on unique merchandise and exceptional customer service that is quintessential to the brand’s identity. Together, they envision a future built on innovation, sustainability, and a profound connection with their consumers.

In conclusion, as Nordstrom steps into this transformative chapter, the implications of this acquisition are sure to ripple through the retail landscape, setting new standards for engaging customer experiences and operational excellence. With a foundation built on legacy, trust, and dedicated service, Nordstrom is poised to redefine retail in this new era.

In the ever-evolving retail environment, this acquisition symbolizes not just a change in ownership but a renewed commitment to the core values that define the Nordstrom brand. As the company embarks on this new journey, both the leadership and its customers look forward to the heights that lie ahead.