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Nordstrom Family Explores Taking Retailer Private, Shares Surge

by mobile.reuters.com posted 1year ago 296 views
Department store operator Nordstrom Inc (JWN.N) said on Thursday that some members of the Nordstrom family were considering taking the company private as it struggles with an industry-wide sales slowdown. Going private, which would involve raising debt, would be a risky but potentially profitable bet by Nordstrom's founding family and largest shareholder bloc that the company can reshape itself and emerge from the retail meltdown stronger.

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