(Reuters) - Bids for the unit came in around $200 million, less than the $350 million Nordstrom paid for Faconnable in 2006, the Post said, citing sources. VF Corp. and Iconix Brand Group Inc. had looked at the brand but dropped out of the bidding, it added. The sale comes as Nordstrom concentrates on expanding its own department stores, including scouting for its first site in New York City, according to the report.
Nordstrom shares closed on Wednesday at $50.85. A spokesman was not immediately available to comment on the report.
Read more at Reuters.com Mergers News
Nordstrom shares closed on Wednesday at $50.85. A spokesman was not immediately available to comment on the report.
Read more at Reuters.com Mergers News
No comments:
Post a Comment