Mexico's Liverpool joins Nordstrom buyout

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive
 

Mexican department store operator Liverpool will form a partnership with two members of the Nordstrom family to acquire U.S. department store chain Nordstrom and take the company private, the participants announced.  The acquisition, valued at US$6.5 billion, will leave majority ownership of the chain in the hands of the Nordstrom family members.  Read more here.