Exclusive-Buyout firm Sycamore vies to take Nordstrom private, sources say
NEW YORK - Sycamore Partners is one of the buyout equity firms that have expressed interest in taking U.S. department store Nordstrom (NYSE:Nordstrom said last month that CEO Erik Nordstrom and his brother Pete, who is the company's president, were exploring options to take the retailer private, confirming a Reuters report that had been published in March.
Negotiations will take several weeks and there is no certainty that Sycamore, which owns regional U.S. department store operator Belk, or any other private equity suitor will reach a deal, the sources said, requesting anonymity because the matter is confidential.Scan QR code to install app Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
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