Nordstrom Family to Take Chain Private in $6.25 Billion Deal (3)

The Nordstrom family is joining forces with a Mexican retailer to take its namesake department store private in an all-cash transaction valued at about $6.25 billion, including debt.

The founding family is betting that the century-old retail chain will be more successful without the scrutiny and demands of the public market after shares in Nordstrom Inc. plunged 40% in the last five years. During the same period, the Russell 1000 Index rose more than 80%.

As part of the transaction, which is expected to close in the first half of 2025, the family and Mexican department-store chain El Puerto ...