Announcement • May 21

El Puerto de Liverpool, S.A.B. de C.V. (BMV:LIVEPOL C-1), Erik B. Nordstrom, Peter E. Nordstrom, James F. Nordstrom and other members of the Nordstrom family completed the acquisition of 59.5% stake in Nordstrom, Inc. (NYSE:JWN).

El Puerto de Liverpool, S.A.B. de C.V. (BMV:LIVEPOL C-1), Erik B. Nordstrom, Peter E. Nordstrom, James F. Nordstrom and other members of the Nordstrom family made an offer to acquire remaining 59.5% stake in Nordstrom, Inc. (NYSE:JWN) for $2.3 billion on September 3, 2024. Under the terms, Nordstrom shareholders will receive $23 per share in cash. El Puerto de Liverpool, S.A.B. de C.V. and Erik B. Nordstrom, Peter E. Nordstrom, James F. Nordstrom and other members of the Nordstrom family has signed a definitive agreement to acquire remaining 59.52% stake in Nordstrom, Inc. for $2.6 billion on December 22, 2024. Under the terms of the agreement, Nordstrom common shareholders will receive $24.25 in cash for each share of Nordstrom common stock they hold. In addition, the Board intends to authorize a special dividend of up to $0.25 per share immediately prior to and contingent on the close of the transaction. Upon completion of the transaction, Nordstrom will become a private company. Nordstrom family members own about 33.4% of the Nordstrom's outstanding common stock and El Puerto de Liverpool owns approximately 9.6% of Nordstrom stock. The proposal states that the merger consideration would be financed through a combination of rollover equity and cash commitments by members of the Nordstrom family and Liverpool with existing cash balance in the amount of $620 million and $250 million in new bank financing, with the existing indebtedness of the Nordstrom to remain outstanding. As of December 23, 2024, The transaction will be financed through a combination of rollover equity by the Nordstrom Family and Liverpool, cash commitments by Liverpool, up to $450 million in borrowings under a new $1.2 billion ABL bank financing, and Company cash on hand. It is expected that immediately following the completion of the Proposed Transaction, Nordstrom would be owned approximately 50.1% by the Family Investor and 49.9% by Liverpool. The transaction is subject to two-third (2/3) shareholder vote requirement and the expiration or termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, or the grant of early termination thereof and regulatory approval. The Nordstrom Board of Directors, with Erik and Pete Nordstrom recusing themselves, has unanimously approved the proposed transaction upon the unanimous recommendation of a special committee, composed of Kirsten Green, Amie Thuener O'Toole and Eric Sprunk, independent and disinterested directors that led the review and negotiation of this transaction. Buyer board unanimously approved the deal. The execution of definitive documentation with respect to the Proposed Transaction would be subject to, among other things, final approval of the board of directors of Liverpool. Nordstrom will be required to pay buyer a termination fee equal to (i) $85 million if the Merger Agreement is validly terminated by Byer due to an Adverse Recommendation Change or (ii) $42.5 million if the Merger Agreement is validly terminated by Nordstrom to enter into a definitive agreement with respect to a Superior Proposal or by Nordstrom or Buyer due to a failure to achieve the Requisite Shareholder Approvals if a Competing Proposal has been publicly announced and within twelve months following such termination Nordstrom either consummates such Competing Proposal or enters into a definitive agreement for such Competing Proposal that is subsequently consummated. Buyer will be required to pay to the Nordstrom a termination fee equal to (i) $170 million if the Merger Agreement is validly terminated by the Nordstrom due to Buyer materially breaching its representations, warranties or covenants in the Merger Agreement, subject in certain cases to a cure right, or due to Buyer failing to consummate the Merger in specified circumstances following the satisfaction or waiver of the applicable closing conditions, or by either the Nordstrom or Buyer in specified circumstances when the Nordstrom had the right to terminate the Merger Agreement for the foregoing reasons or (ii) $100 million if the Merger Agreement is validly terminated by either the Nordstrom or Buyer due to a Below Investment Grade Rating Event or by either the Nordstrom or Buyer in specified circumstances when a Below Investment Grade Rating Event has occurred and is continuing. The transaction is expected to close in the first half of 2025. As of May 9, 2025, Nordstrom Board of Directors has fixed May 19, 2025 as the record date for determining the holders of the Company Common Stock entitled to be paid the Dividends, if the Dividends are declared by the Board. As of the date hereof, the Board has not declared the Dividends or fixed the amount of the Dividends or their payment date. The shareholders of Nordstrom approved the transaction at Special Meeting held on May 16, 2025. As a result of the approval of the Merger Agreement, the Company expects the Merger to be consummated on or around May 20, 2025, subject to satisfaction or waiver of the remaining conditions to the consummation of the Merger. Jonathan Dunlop of J.P. Morgan acted as financial advisor and Benjamin P. Schaye, Benjamin A. Bodurian, Justin M. Lungstrum, Jeannine McSweeney, Krista B. McManus, Andrew B. Purcell, Adam Arikat, Peter Guryan, Kelly Karapetyan, George S. Wang, Daniel S. Levien, Lori E. Lesser, Vanessa K. Burrows, Steven R. DeLott, Bettina C. Elstroth, James I. Rapp and Juan F. Mendez of Simpson Thacher & Bartlett LLP and and Galicia Abogados, S.C. acted as legal advisors for Liverpool. Perry Hall of Moelis acted as financial advisor and Keith Trammell and Michael Gilligan of Wilmer Cutler Pickering Hale & Dorr LLP, Lane Powell PC and Davis Wright Tremaine LLPP acted as legal advisors for Nordstrom family. Morgan Stanley & Co. LLC and Centerview Partners LLC are acting as financial advisors to the special committee. Sidley Austin LLP and Perkins Coie LLP are acting as legal counsel to the special committee. Gary D. Gerstman, Derek Zaba, Scott R. Williams, Gregory A. Marrs, Elizabeth T. Burns, Kelly M. Dybala, Samir A. Gandhi, Johnny G. Skumpija, Katie Klaben, Vadim Brusser, Heather M. Palmer, Elizabeth K. McCloy, Jim Ducayet, Richard M. Silverman, Suresh T. Advani and Anna Remis of Sidley Austin LLP and Perkins Coie LLP are acting as legal counsel to Nordstrom, Inc. The Special Committee of Nordstrom has received the opinions, dated as of the date hereof, of Morgan Stanley & Co. LLC and Centerview Partners LLC. Stuart Rogers of Alston & Bird LLP acted as legal advisor to Moelis & Company in the transaction. Innisfree M&A Incorporated acted as information agent to Nordstrom. Nordstrom will pay Innisfree M&A $50,000. Moelis & Company LLC acted as financial advisor to Nordstrom. Computershare Trust Company, N.A. actes as transfer agent to Nordstrom. Wilmer Cutler Pickering Hale and Dorr LLP, Davis Wright Tremaine LLP and Lane Powell PC acted as legal advisor to Nordstrom Family. El Puerto de Liverpool, S.A.B. de C.V. (BMV:LIVEPOL C-1), Erik B. Nordstrom, Peter E. Nordstrom, James F. Nordstrom and other members of the Nordstrom family completed the acquisition of 59.5% stake in Nordstrom, Inc. (NYSE:JWN) on May 20, 2025. Nordstrom common stock will cease trading prior to the opening of the New York Stock Exchange ("NYSE") on May 21, 2025 and will be delisted from the NYSE as of May 21, 2025. With the completion of the transaction, Erik and Pete Nordstrom will lead Nordstrom as Co-CEOs

Multiline Retail Industry Growth	12.60%
Revenue growth rate	9.96%
Return on equity	10.29%
Net Margin	8.08%
Last Earnings Update	30 Jun 2026

Date	Revenue	Earnings	G+A Expenses
30 Jun 26	229,836	18,576	54,260
31 Mar 26	228,970	16,752	52,736
31 Dec 25	229,080	17,150	51,619
30 Sep 25	225,053	19,222	53,180
30 Jun 25	223,046	19,684	50,966
31 Mar 25	218,860	22,607	49,296
31 Dec 24	214,553	23,154	47,878
30 Sep 24	207,815	22,168	48,506
30 Jun 24	203,461	21,720	47,097
31 Mar 24	198,811	20,204	45,293
31 Dec 23	195,160	19,487	43,951
30 Sep 23	190,268	18,412	43,338
30 Jun 23	186,621	17,524	41,919
31 Mar 23	181,594	17,296	40,716
31 Dec 22	176,271	17,385	38,839
30 Sep 22	168,875	16,670	38,443
30 Jun 22	162,650	15,863	37,141
31 Mar 22	157,628	14,410	36,010
31 Dec 21	150,967	12,868	35,229
30 Sep 21	142,749	9,673	29,395
30 Jun 21	137,834	6,521	30,930
31 Mar 21	115,042	621	30,253
31 Dec 20	116,181	750	31,373
30 Sep 20	119,903	3,559	32,343
30 Jun 20	123,135	6,324	31,317
31 Mar 20	144,105	12,241	32,828
31 Dec 19	144,849	12,383	32,425
30 Sep 19	141,723	11,960	33,635
30 Jun 19	140,822	11,988	32,980
31 Mar 19	137,740	11,662	32,209
31 Dec 18	135,533	11,704	31,870
30 Sep 18	131,686	11,264	31,334
30 Jun 18	129,468	10,607	31,674
31 Mar 18	126,779	10,097	30,828
31 Dec 17	122,168	9,886	29,064
30 Sep 17	112,928	9,089	30,223
30 Jun 17	107,669	9,431	28,214
31 Mar 17	102,009	9,548	26,120
31 Dec 16	100,442	10,140	25,177
30 Sep 16	97,755	9,831	24,174
30 Jun 16	95,611	9,618	23,153
31 Mar 16	93,394	9,291	23,288
31 Dec 15	91,293	9,211	22,829
30 Sep 15	87,392	8,573	22,240

Data	Last Updated (UTC time)
Company Analysis	2026/08/17 13:21
End of Day Share Price	2026/08/14 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Analyst	Institution
Antonio Hernandez Velez Leija	Actinver Case de Bolsa, S.A. de C.V.
Benjamin Theurer	Barclays
Robert Ford Aguilar	BofA Global Research

El Puerto de Liverpool. de Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

El Puerto de Liverpool, S.A.B. de C.V. to Report Q2, 2026 Results on Jul 28, 2026

Recent updates

El Puerto de Liverpool, S.A.B. de C.V. to Report Q2, 2026 Results on Jul 28, 2026

El Puerto de Liverpool, S.A.B. de C.V., Annual General Meeting, Apr 14, 2026

El Puerto de Liverpool, S.A.B. de C.V. (BMV:LIVEPOL C-1), Erik B. Nordstrom, Peter E. Nordstrom, James F. Nordstrom and other members of the Nordstrom family completed the acquisition of 59.5% stake in Nordstrom, Inc. (NYSE:JWN).

El Puerto de Liverpool, S.A.B. de C.V., Annual General Meeting, Mar 18, 2025

El Puerto de Liverpool, S.A.B. de C.V. (BMV:LIVEPOL C-1) along with Nordstrom family made an offer to acquire remaining 57.01% stake in Nordstrom, Inc. (NYSE:JWN) ) for $2.3 billion.

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