Monday, October 2, 2017

Talks to take Nordstrom private are faltering

Image result for nordstromDiscussions to take Nordstrom private are in danger of falling apart.

The family behind the Seattle-based retailer — which stunned Wall Street in June when it announced it was exploring a possible buyout — has since struggled to cobble together the financing and may not be able to close the deal, estimated to be worth upwards of $10 billion, sources told The Post.

Jitters about dwindling mall traffic dogged discussions throughout the summer, but the surprise bankruptcy filing of Toys ‘R’ Us on Sept. 23 added to the anxiety among lenders and the Nordstroms alike, insiders said.. . . more

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