Reported 3 months ago
Nordstrom Inc. shareholders have given their approval for the company's transition to private ownership, as announced in a recent SEC filing. This decision was anticipated and followed a virtual meeting of shareholders. The privatization deal, valued at approximately $6.25 billion, will give the Nordstrom family a controlling interest while allowing the company to operate with less pressure from public markets. As they aim to revamp their business strategies and enhance customer offerings, the Nordstrom brothers anticipate continued focus on growth and digital expansion in their store operations.
Source: YAHOO