Nordstrom, a US department store chain, is considering going private. The founding family is exploring a buyout, facing the challenge of convincing shareholders and potential partners. German department store chain Galeria is also in talks for a takeover following an insolvency triggered by Signa conglomerate's meltdown.
From @Breakingviews: The family behind US department store chain Nordstrom is exploring taking it private. Winning over shareholders nursing losses while promising high enough returns to keep any buyout partners happy will be tricky, @sharonlam_ explains https://t.co/YFYF25O836
From @Breakingviews: Nordstrom’s founding family is again mulling a buyout, but making the math stack up – especially if a profit-hungry private equity partner is needed to stump up some of the cash – requires being firm on price while reigniting growth, @sharonlam_ explains https://t.co/gtXv0XGNqc
German department store chain Galeria is in talks with two bidders for a potential takeover following an insolvency triggered by the meltdown at Rene Benko’s Signa conglomerate https://t.co/63QWQF8PsG
Will Nordstrom $JWN Go Private? TD Cowen wonders https://t.co/lYocCTp64x https://t.co/yUsqxew6qf
Nordstrom take-private would strike a hard bargain - @sharonlam_ - https://t.co/I907E3yYSf https://t.co/IWbW55SA6N