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July 26, 2007
Nordstrom To Get $220M For Façonnable
Nordstrom has agreed to sell Façonnable to Beirut-based M1 Group for $210 million. Despite being one of the retailer‘s top brands, Nordstrom decided to sell Façonnable because its core objectives did not align with running a wholesale business.
Nordstrom purchased the brand in 2000 for $169 million. Façonnable’s worldwide sales are now estimated at $220 million.
Posted by Blacks on July 26, 2007 09:10 AM
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