Skip to main content

Agenda-setting intelligence, analysis and advice for the global fashion community.

Nordstrom Pauses Search for Buyout Partner

The Nordstrom family is no longer actively looking to close on a sale this year but will resume after the holiday season ends.

Nordstrom | Source: Shutterstock

By

Associated Press

16 October 2017

SEATTLE, United States — Nordstrom is halting, at least temporarily, the search for a buyer.

Shares tumbled 5 percent at the opening bell Monday.

The retailer said in a regulatory filing that several members of the Nordstrom family told the company's special committee that they are suspending actively looking to close on a sale this year. The company will again be looking into a possible deal after the holiday season ends.

In June, Nordstrom Inc. announced that members of the Nordstrom family including co-presidents Blake, Peter and Erik Nordstrom were considering making an offer to buy out the 70 percent of the department store's stock they don't already own.

Related Articles:

[ Nordstrom Family Exploring Deal to Take Retailer PrivateOpens in new window ]

[ Op-Ed | Why Nordstrom Will Go Private on the CheapOpens in new window ]

In This Article

Topics

Retail

Organisations

Location

Seattle, United States

Tags

Department Stores

© 2026 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Retail

Analysis and advice from the front lines of the retail transformation.

The New Reality of Shipping to Saks

The New Reality of Shipping to Saks

While $1.75 billion in court-approved funding has brought labels back to the fold, the real test for vendors will come when that temporary safety net vanishes later this year.

The Step-by-Step Guide to Brand Elevation | Case Study

A growing number of mass and premium brands are pushing upmarket with a more luxe look, better materials and, often, higher prices. This case study unpacks how these labels are navigating the tricky challenge of elevating a brand.

This Week: Tariff Uncertainty Looms Over Retail Earnings Season

This Week: Tariff Uncertainty Looms Over Retail Earnings Season

Brands from Prada to Abercrombie & Fitch will provide clarity on how the fashion industry is approaching the newly uncertain trade landscape. Plus, a preview of Paris Fashion Week.

Saks Global CEO Says Top Brands Are Shipping Despite Bankruptcy

Saks Global CEO Says Top Brands Are Shipping Despite Bankruptcy

The goods come from more than 380 brands, including Burberry and those owned by luxury powerhouses LVMH and Kering.

Latest News & Analysis

Unrivalled, world class journalism across fashion, luxury and beauty industries.

Fashion Startup Founder Pleads Guilty in $300 Million Fraud

Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.

Estée Lauder’s Surprise Acquisition, Explained

The American cosmetic giant’s buyout of Ayurvedic beauty line Forest Essentials came as a surprise. By picking an under-the-radar brand it knows well, the company can show that it’s still in the M&A game without needing to outbid rivals.

Victoria’s Secret Forecasts Its Best Year Since L Brands Split

The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.

Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes

The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

CONNECT WITH US ON

© 2026 The Business of Fashion. All rights reserved. For more information read our , , and .