The Nordstrom family teamed up with Mexican retailer Liverpool to clinch a US$4-billion deal to take iconic department store chain Nordstrom private, six years after a similar attempt fell short.

Erik and Pete Nordstrom are the fourth-generation leaders of the Seattle-based upscale retailer, which was founded in 1901 as a shoe store ... of the board of Liverpool. "We are honored to ...

23 (UPI) --Clothing retail giant Nordstrom announced on Monday that it is going private in a $6.25 billion deal involving the founding family members of the company and Mexican department store El ...