The Nordstrom family, founders of Nordstrom (JWN), is contemplating a bid to privatize the company amidst challenges facing department stores. Erik and Pete Nordstrom, CEO and president, have expressed interest in exploring this option to the board, amid pressure on Nordstrom’s rival Macy’s to sell itself.
https://www.wsj.com/business/retail/nordstrom-family-weighing-taking-retailer-private-ff951e5d
