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Nordstrom clan aiming to boost ownership stake

August 2, 2019

Several Nordstrom family members are reportedly aiming to grab a bigger stake in the retailer even as the company's shares slip downward.

Right now the group aiming to gain greater control owns 31.2%, according to a CNBC report. They reportedly aim to own a bit more, about half of the company. Last year Nordstrom family members contemplated going public but declined to move ahead due to what they viewed as too low a share price.