Nordstrom has announced plans to go private in a landmark $6.25 billion all-cash deal involving its founding family and the Mexican retail group El Puerto de Liverpool. The transaction marks a significant move for the family as they take back control of the well-known retail chain after analyzing the competitive pressures from larger rivals. Questions have arisen about the fairness of the price for shareholders as the board has approved the buyout plan. This strategic decision is seen as an exciting new chapter for Nordstrom as it transitions into private ownership.