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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 plunged 40% in the last five years. #fashion #clothes #business #stocks #money #investing #finance
Duration: 72 sPosted : Mon, 23 Dec 2024 16:46:46
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