Who Owns Nordstrom?
Updated onExplore the ownership hierarchy of Nordstrom. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Nordstrom is a U.S.-based upscale department store and fashion retailer offering clothing, shoes, accessories, beauty products and home goods through full-line stores, Nordstrom Rack (off-price), specialty concepts and e-commerce; key competitors include Macy's, Bloomingdale's, Saks Fifth Avenue, Neiman Marcus, Dillard's, TJX (TJ Maxx/Marshalls), Ross Stores and Amazon.
El Puerto de Liverpool
El Puerto de Liverpool is a Mexican publicly traded retail, financial services, and real estate company best known for operating Liverpool and Suburbia department stores and Galerías shopping malls.
Nordstrom is a U.S.-based upscale department store and fashion retailer offering clothing, shoes, accessories, beauty products and home goods through full-line stores, Nordstrom Rack (off-price), specialty concepts and e-commerce; key competitors include Macy's, Bloomingdale's, Saks Fifth Avenue, Neiman Marcus, Dillard's, TJX (TJ Maxx/Marshalls), Ross Stores and Amazon.
El Puerto de Liverpool
El Puerto de Liverpool is a Mexican publicly traded retail, financial services, and real estate company best known for operating Liverpool and Suburbia department stores and Galerías shopping malls.
Major Shareholders
Nordstrom
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Nordstrom family (founding family shareholders, including Erik, Pete and Jamie Nordstrom) Majority owner of Nordstrom following the May 20, 2025 go‑private transaction in which the founding family partnered with El Puerto de Liverpool to acquire all outstanding Nordstrom shares. | Family | 50.1% | 50.1% | May 2025 |
El Puerto de Liverpool, S.A.B. de C.V. Mexican omnichannel department‑store retailer that partnered with the Nordstrom family in a US$6.25 billion all‑cash transaction to acquire Nordstrom and now holds a 49.9% stake in the company. | Corporate | 49.9% | 49.9% | May 2025 |
El Puerto de Liverpool
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Michel family (via Max David Michel González and related heirs) Multiple Mexican business media describe Max David Michel González and his relatives as the main or majority shareholders (dueño, socio mayoritario) of El Puerto de Liverpool, with the Michel family identified as a founding family that has accumulated substantial wealth from its Liverpool stake; however, neither the company’s annual reports nor exchange filings publish an exact percentage of capital or voting rights held by the family. A 2025 article in Ámbito again names Max David Michel as the largest individual shareholder of Liverpool. El Puerto de Liverpool discloses that only Serie 2007-1 shares (about 85.3% of the 1,342,196,100 total shares) carry voting rights, while Serie 2007-C-1 shares are non-voting, but it does not break down ownership of these series by shareholder. | Family | — | Jul 2025 |
Pictet Asset Management Limited Ownership tables from data providers such as Investing.com and Simply Wall St show Pictet Asset Management Limited holding approximately 63.4 million shares of El Puerto de Liverpool, corresponding to about 4.73% of the company’s outstanding shares as of 30 December 2024. These shares are held across various Pictet emerging-market funds; public sources do not specify how the position is split between voting Serie 1 shares and non-voting Serie C-1 shares. | Institutional | 4.7% | Dec 2024 |
GBM Administradora de Activos, S.A. de C.V. MarketScreener lists GBM Administradora de Activos, S.A. de C.V. (GBM Asset Management) as holding about 26.7 million Liverpool shares, described there as roughly 13.5% of the non‑voting Serie C‑1 share class. An article in 2025 that draws on this MarketScreener data cites GBM as one of the largest institutional holders of Liverpool. Using the company’s disclosed total of 1,342,196,100 shares outstanding, that position equates to approximately 1.99% of El Puerto de Liverpool’s overall equity; because Serie C‑1 shares have no voting rights, GBM’s voting influence is limited unless it also holds undisclosed Serie 1 shares. | Institutional | 2.0% | Jul 2025 |
Norges Bank Investment Management (Government Pension Fund Global) Aggregated shareholder data from Investing.com and Simply Wall St show Norges Bank Investment Management (manager of Norway’s Government Pension Fund Global) owning roughly 10.5 million El Puerto de Liverpool shares, equivalent to about 0.78% of shares outstanding as of 29 June 2025. The holding appears to be spread across several GPFG sub‑portfolios; public filings do not state how many of these shares, if any, are in the voting Serie 1 class versus the non‑voting Serie C‑1 class. | Institutional | 0.8% | Jun 2025 |
The Vanguard Group, Inc. Investing.com’s major-holder tables list The Vanguard Group, Inc. as owning about 8.0 million shares of El Puerto de Liverpool through funds such as Vanguard Total International Stock Index Fund and Vanguard FTSE Emerging Markets ETF, corresponding to roughly 0.6% of outstanding shares as of late 2025. As with other index managers, these positions are held on behalf of fund investors, and public sources do not clarify the split between voting and non‑voting share series. | Institutional | 0.6% | Sep 2025 |
BlackRock, Inc. Shareholder-ownership data from Investing.com and Simply Wall St identify BlackRock, Inc. (via iShares and other funds) as holding approximately 6.2 million El Puerto de Liverpool shares, representing about 0.46% of the company’s share capital as of 27 February 2025. As with other global asset managers, BlackRock’s Liverpool exposure is held in pooled vehicles for clients, and available disclosures do not indicate how much of this stake, if any, is in voting Serie 1 shares versus the non‑voting Serie C‑1 class. | Institutional | 0.5% | Feb 2025 |
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