Liverpool Becomes a Shareholder of Nordstrom

Liverpool, the Mexican department store chain, has invested 5.9 billion pesos to acquire a 9.90% stake in Nordstrom, a luxury department store chain based in the United States.
This investment allows Liverpool to diversify its assets geographically and marks its first investment of this kind outside of Mexico. Nordstrom operates over 350 stores in the US and Canada, while Liverpool operates 122 Liverpool stores and 170 Suburbia stores in Mexico.

Liverpool is the first time it has made an investment of its kind outside of Mexico. Photo: Costumer Care Centres

09/20/2022

Liverpool, the Mexican department store chain, has made a significant investment of 5.9 billion pesos to acquire a 9.90% stake in Nordstrom, the luxury department store chain based in the United States. This marks the first time Liverpool has made such an investment outside of Mexico. The company used its available cash surplus of 23.5 billion pesos to finance the transaction. However, following the announcement, Liverpool's stock price fell by 4.6% to 92.88 pesos per unit.

Liverpool stated that this investment presents an attractive opportunity for geographic diversification of its assets. Nordstrom operates more than 350 stores under the Nordstrom and Nordstrom Rack brands in the United States and Canada. Meanwhile, Liverpool operates 122 Liverpool stores and 170 Suburbia stores across 87 cities in Mexico. Additionally, Liverpool is the third-largest credit card issuer in Mexico, with over 6.2 million accounts. Nordstrom is listed on the New York Stock Exchange (NYSE), with its shares priced at $18.90, while Liverpool's shares are traded on the Mexican Stock Exchange (BMV) at 97.36 pesos per unit.

Read the full article (in Spanish).

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