Nordstrom to be taken private in $6.25 billion deal from founding family and Mexican retail group
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Nordstrom may have more leeway being private to revive a department store chain that has been attempting to reinvigorate sales for years.
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.