The Nordstrom family is taking the company private in a $6.25 billion deal

Nordstrom Inc. is going private in an all-cash transaction valued at about $6.25 billion in a bet by the founding family that the department store business will be more successful without the scrutiny and demands of the public market.

As part of the transaction, which is expected to close in the first half of 2025, the family will acquire all of the outstanding common shares of Nordstrom not already owned by the Nordstrom family and Mexican department store chain El Puerto de Liverpool SAB.