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Lloyd Nordstrom subsequently joined the company in 1933, and the three brothers ran the business together for almost forty years. [9] By 1958, Nordstrom had expanded to eight stores in two states but still sold only shoes. Apparel came with its purchase of Best's Apparel of Seattle in 1963, and the company's name was changed to Nordstrom Best. [10]
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Façonnable SAS was owned by the Goldberg family until the company was sold to Nordstrom Inc. in 2000 in a cash and stock deal worth $170 million. [4] In September 2007, Lebanese private equity group M1 Group agreed to acquire Façonnable from Nordstrom Inc., for €152.985 million (US$210 million).
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Bruce Nordstrom was born in Seattle on October 1, 1933. [1] He was the grandson of John W. Nordstrom, founder of Nordstrom, Inc., which began as a shoe store in 1901.At the age of 9, Bruce Nordstrom began his career at the retailer working the stockroom and sales floor of Nordstrom's downtown Seattle store, making 25 cents an hour. [3]
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John's third son Lloyd Nordstrom joined the company as a part owner in 1933. Members of the Nordstrom family still own 20% of Nordstrom Inc and closely supervise the chain. [1] John Nordstrom never had a passion for the shoe business, although he continued to show up at the shoe store almost daily into his mid 80s to chat with customers. [2]