Department store chain Nordstrom has announced the successful completion of its acquisition by a group comprising members of the Nordstrom family, including Erik, Pete, and Jamie Nordstrom, along with Liverpool.
The transaction, valued at 24.25 dollars per share in an all-cash deal, also includes the payment of cash dividends to shareholders amounting to 25 cents per share as a special dividend and 0.1462 cents per share as a "stub period" quarterly dividend.
Effective today, Erik and Pete Nordstrom will take the helm as Co-CEOs of the privately held company. Consequently, Nordstrom common stock ceased trading before the opening of the New York Stock Exchange on May 21, 2025, and has been officially delisted from the NYSE as of the same date.
In a joint statement, Co-CEOs Erik and Pete Nordstrom expressed their enthusiasm for this new chapter. Erik Nordstrom said, "As we embark on this new chapter, we remain focused on what matters most: providing outstanding service, offering the best merchandise, and ultimately, helping our customers feel good and look their best."
"We're excited to enter this next phase of the Company's evolution with the many customers and employees who have been an instrumental part of our story," added Pete Nordstrom.
Liverpool is a Mexican omnichannel retailer with a presence in department stores and an e-commerce platform. It operates across Mexico with 310 stores under the Liverpool and Suburbia banners, 119 specialized boutiques, as well as 29 shopping centers. The company is also one of the leading credit card issuers in the country with more than 7.6 million credit card holders, accounting for 47 percent of its sales transactions