Nordstrom selling Faconnable
Nordstrom Inc. said it is selling its Faconnable brand for $210 million to M1 Group of Lebanon.
Nordstrom announced in February that it was considering putting the brand up for sale. It bought the French clothing design firm in September 2000 for $169 million.
As part of the deal, Nordstrom said it will continue to buy Faconnable products for the next three years and will continue selling the brand in its stores. Nordstrom has sold products from the 57-year-old French company since 1989.
Nordstrom has two stores in Greater Sacramento; in Arden Fair and the Roseville Galleria .