Does anyone have any scoop on this acquisition or on how things may change? Here's the email that was sent out:
"To our loyal customers,
Today, the Nordstrom Board of Directors announced that it has approved an agreement under which members of our family, together with El Puerto de Liverpool, will acquire Nordstrom and operate it as a private company. Liverpool is a retail company that has been an investor in Nordstrom since 2022.
Following the close of the transaction, our family will have a majority ownership stake in the Company. This announcement marks a significant milestone, and we are excited by the potential opportunities it brings.
Since our founding, we have been focused on providing our customers with the best possible service. While our ownership structure may be changing, we will continue to focus on enhancing your experience and helping you feel good and look your best.
Subject to certain conditions, the transaction is expected to close in the first half of 2025, and we look forward to continuing to serve you.
On behalf of everyone at Nordstrom, thank you for shopping with us.
Sincerely,
Erik Nordstrom
Chief Executive Officer
Pete Nordstrom
President, Chief Brand Officer
Jamie Nordstrom
Chief Merchandising Officer"