Nordstrom, the iconic department store chain, is set to be acquired by members of the Nordstrom family and El Puerto de Liverpool, a Mexican retail group, in a deal valued at $6.25 billion. The transaction,

The business will be acquired by members of the family and El Puerto de Liverpool, a Mexican real estate and department store company that has owned a stake in Nordstrom since 2022.

Nordstrom will be go private after it's acquired for $6.25 billion by Nordstrom family members and El Puerto de Liverpool, a Mexican department store chain.