Iconic US retailer Nordstrom has closed its $6.25 billion deal with Mexican retailer El Puerto de Liverpool to take the business private.WHO: Founded by John W. Nordstrom in 1901 as a shoe store in downtown Seattle, today Nordstrom operates a fleet of more than 350 locations across full-line department stores, Nordstrom Local, and Nordstrom Rack.Founded in 1847, El Puerto de Liverpool is a Mexican omnichannel retailer with a leading presence in department stores and a robust e-commerce platform. It operates across Mexico with 310 stores under the Liverpool and Suburbia banners, 119 specialized boutiques, and 29 shopping centers.IN THEIR OWN WORDS: “The completion of this transaction is an important milestone in our nearly 125-year history,” Erik Nordstrom said in a statement. “As we embark on this new chapter, we remain focused on what matters most—providing outstanding service, offering the best merchandise, and ultimately, helping our customers feel good and look their best. We’re grateful to our teams for their hard work on behalf of our business and our customers, and we look forward to building on Nordstrom’s strong foundation to reach even greater heights." “Since our founding, Nordstrom’s commitment to our customers has been at the heart of everything we do,” Pete Nordstrom said. “We’re excited to enter this next phase of the company’s evolution with the many customers and employees who have been an instrumental part of our story.”DETAILS:Brothers Erik and Pete Nordstrom and their cousin Jamie, along with El Puerto de Liverpool, finalized a $6.25 billion, all-cash acquisition of Nordstrom.The deal, at $24.