Deal between Nordstrom and El Puerto de Liverpool for $ 6 billion: news 2025
23 december 2024 в 23:50
The company Nordstrom is set to go private in a cash deal with El Puerto de Liverpool, which reportedly will make the family richer. The deal is valued at over 6 billion dollars. It is expected to close in early 2025, leaving Nordstrom heirs, including CEO Erik Nordstrom and Chief Commercial Officer Pete Nordstrom, with the majority of the company’s shares, according to Yahoo! Finance.
El Puerto de Liverpool is a Mexican real estate and commerce company. It owns 10% of Nordstrom, while the Nordstrom family owns 33%.
Nordstrom’s Chairman of the Board Brad Tilden commented on the upcoming deal in a statement. According to Fox Business, the statement reads: «The special committee of Nordstrom’s board of directors considered this proposal in light of the company’s prospects as a standalone entity. After a thorough and independent evaluation and consultations with external financial and legal advisors, the special committee unanimously concluded that this transaction offers greater value to all public shareholders at a significant premium to the unaffected stock price».
Before the upcoming deal with Nordstrom, find out how much money the entire Nordstrom family has.
It is unclear what the net worth of the Nordstrom family was in 2024. However, according to Forbes, in 2015 their fortune was estimated at 3.8 billion dollars. Two years later, the family experienced a change in their fortune when the company’s shares fell by 27%, according to the publication.
In 2017, the Nordstrom family «formed a group to explore the possibility of 'privatization'», - according to Forbes.
Bruce, who passed away at the age of 90 in May 2024, had a fortune of 1 billion dollars in 2022, Forbes reports.
According to multiple sources, Erik’s net worth is at least 60 million dollars. He is the CEO of Nordstrom.
Commenting on the agreement between Nordstrom and El Puerto, Erik called it «an exciting new chapter for the business».
The current net worth of Pete is unknown
El Puerto de Liverpool is a Mexican real estate and commerce company. It owns 10% of Nordstrom, while the Nordstrom family owns 33%.
Nordstrom’s Chairman of the Board Brad Tilden commented on the upcoming deal in a statement. According to Fox Business, the statement reads: «The special committee of Nordstrom’s board of directors considered this proposal in light of the company’s prospects as a standalone entity. After a thorough and independent evaluation and consultations with external financial and legal advisors, the special committee unanimously concluded that this transaction offers greater value to all public shareholders at a significant premium to the unaffected stock price».
Before the upcoming deal with Nordstrom, find out how much money the entire Nordstrom family has.
It is unclear what the net worth of the Nordstrom family was in 2024. However, according to Forbes, in 2015 their fortune was estimated at 3.8 billion dollars. Two years later, the family experienced a change in their fortune when the company’s shares fell by 27%, according to the publication.
In 2017, the Nordstrom family «formed a group to explore the possibility of 'privatization'», - according to Forbes.
Bruce, who passed away at the age of 90 in May 2024, had a fortune of 1 billion dollars in 2022, Forbes reports.
According to multiple sources, Erik’s net worth is at least 60 million dollars. He is the CEO of Nordstrom.
Commenting on the agreement between Nordstrom and El Puerto, Erik called it «an exciting new chapter for the business».
The current net worth of Pete is unknown
© Artemenko Olga
