Nordstrom execs point out risks of going private

Going private may take some pressure off a company, but it is not without its risks.



In June, the Nordstrom family, which owns 31.2% of the department store's stock, announced it planned to explore taking the company private. But in its latest quarterly filing with the Securities and Exchange Commission, Nordstrom executives warned of the potential risks that might come with a move, reported Puget Sound Business Journal.



"The exploration of a possible 'going private transaction' by the Nordstrom family could impact our relationships with our customers, employees, suppliers and partners, operating results and business," the company wrote.



In the filing, Nordstrom said the family has not yet made a proposal to take the company private and never do so. But it said speculation about the possibility and "uncertainties related to our future could cause our stock price to fluctuate significantly," according to the report.



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