Passive Stake news and trends

Mexican Department Store Liverpool Buys 9.9% Stake in Nordstrom

September 16, 2022
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Mexican Department Store Liverpool Buys 9.9% Stake in Nordstrom

September 16, 2022
Two high-end department stores reportedly have a closer relationship now, as the parent company of Mexican chain Liverpool has reportedly acquired a 9.9% passive stake in U.S. chain Nordstrom for 5.9 billion pesos ($293.8 million). Reuters reported Thursday (Sept. 15) that Liverpool said in a statement about the acquisition, “This operation represents an attractive opportunity […]