Nordstrom to be taken private in $6.25 billion deal from founding family and Mexican retail group

Nordstrom may have more leeway being private to revive a department store chain that has been attempting to reinvigorate sales for years.

Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal with the industry being squeezed by discount chains and other competition.