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Nordstrom postpones search for buyout partner

Earlier this month, FashionUnited reported that Nordstrom’s plans for
privatization had stalled on account of <a
goal=”_self”> points with financing.

Now, Enterprise of Vogue has broke the information that Nordstrom is quickly
halting its seek for a buyout associate.

Nordstrom’s shares had been down 5 % as of this morning.

In a regulatory submitting, members of the Nordstrom household stated they had been
suspending their try to shut on a sale this yr. As the vacation
season approaches, it may be very powerful to do offers in retail sector, as
most corporations and buyers are targeted on efficiency for the height
vacation season. Nordstrom will proceed its search after the vacation season

A consultant for Nordstrom wasn’t instantly accessible for remark.

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