Nordstom Inc. has reached an agreement to with the venture capital firms that hold a minority interest in Nordstom.com. Nordstrom will pay $70 million to acquire the minority interest. The firms are Benchmark Capital Partners and Madrona Investment Group. The majority of this non-recurring charge will be recorded in Nordstrom's first quarter ended April 30 financial reports.
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Nordstom Inc. has reached an agreement to with the venture capital firms that hold a minority interest in Nordstom.com. Nordstrom will pay $70 million to acquire the minority interest.
The firms are Benchmark Capital Partners and Madrona Investment Group.
The majority of this non-recurring charge will be recorded in Nordstrom's first quarter ended April 30 financial reports.
