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The Nordstrom family is looking to take their namesake department store chain private in a proposed US$3.8bil deal.

The family behind Nordstrom, one of the nation’s oldest and most storied department stores, has made a $3.8 billion offer to ...

The $3.8 billion deal comes as the national chain faces weakness in its core business even as the Nordstrom Rack subsidiary ...

Erik and Peter Nordstrom, the great-grandsons of founder John Nordstrom, and executives at the company, said on Wednesday ...

The $23-per-share offer by the department store’s founding family comes as retailers struggle to navigate new shopping trends and costly real estate.

This summer, Saks Fifth Avenue parent HBC announced a deal to acquire luxury rival Neiman Marcus for $2.65 billion, which includes a minority investment from Amazon. The deal is pending regulatory ...

The Nordstrom brothers' offer is backed by other family members, new bank financing and a Mexican department store chain.

Members of the Nordstrom family and El Puerto de Liverpool SAB have offered to acquire the department store for $23 per share ...