Nordstrom’s Plan to go Private Stalls

  • In working with private equity firm Leonard Green, Nordstrom has struggled to bring enough financing together to the the company private
  • In order to take Nordstrom private, the Nordstrom family will have to have a private equity fund along with a band to sign off on the deal
  • Banks are understandably skeptical of taking on financing for retailers as the entire sector continues to struggle to post positive year-over-year sales