Macy’s and Nordstrom Deals Could Put Private Ownership Back in Vogue for U.S. Retailers

America’s biggest publicly traded department store chains could be set for private-equity or hedge-funds ownership, dramatically changing the retail landscape in the United States.

Investments in retail and consumer companies accounted for just 7% of the total U.S. private equity deal volume of $2.6 trillion in the last decade compared to nearly 15% of the total volume of $1.7 trillion in the prior decade, according to Dealogic data.

But deals for Macy’s and Nordstrom might change the dynamic, putting private ownership of major U.S. retailers back in vogue.

Read the source article at Yahoo Finance