Nordstrom exploring strategic alternatives for Faconnable
02 Feb '07
1 min read
Nordstrom announced that it is exploring strategic options that would benefit both Nordstrom and Faconnable, including a possible sale of the brand. Nordstrom said there is no assurance that this process will result in any specific transaction, and it does not expect to disclose further developments unless and until a transaction occurs.
In 2000, the company acquired Faconnable, S.A.S., a collection of high-quality men's and women's apparel and accessories established in 1960 in Nice, France. The line has been sold exclusively in the U.S. at Nordstrom stores and Nordstrom-operated Faconnable boutiques since 1989, where it became one of the company's top-selling brands.
Nordstrom currently operates 36 Faconnable boutiques in Europe. The brand is also sold in fine, multi-brand boutiques, department stores, and franchised boutiques throughout Europe, the Middle East, Canada and Latin America.
Nordstrom Inc is one of the nation's leading fashion specialty retailers, with 155 U.S. stores located in 27 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 98 Full-Line Stores, 50 Nordstrom Racks, four Faconnable boutiques, one freestanding shoe store and two clearance stores.
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