Nordstrom Family Explores Taking Retailer Private Again

The founding family of Nordstrom Inc. is in talks with private equity firms about a potential buyout, six years after a previous attempt failed.

Nordstrom shares surged following reports that the company's founding family is considering a new bid to take the retailer private.
The family is working with Morgan Stanley and Centerview Partners to explore potential deals with private equity firms.
Previous attempts to privatize in 2018 were rejected by the board due to disagreements on price.
The retailer has been grappling with challenges in the retail sector, including reduced consumer spending and high interest rates.
Nordstrom's recent performance shows signs of improvement, with growth in its off-price division, Nordstrom Rack.