Nordstrom acquires minority interest in ASOS brands
ASOS will retain operational and creative control of the Topshop brands.
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Nordstrom Inc. acquired a minority interest in online fashion retailer ASOS PLC's Topshop, Topman, Miss Selfridge and HIIT brands.
ASOS will retain operational and creative control of the Topshop brands.
Nordstrom Inc. acquired a minority interest in online fashion retailer ASOS PLC's Topshop, Topman, Miss Selfridge and HIIT brands. (Photo by Scott Olson/Getty Images)
Nordstrom has been the exclusive distributor of Topshop and Topman in the U.S. since 2012. Nordstrom would now have the exclusive multi-channel retail rights for Topshop and Topman in all of North America, including Canada, and own a minority stake globally. The retailer will also become the only brick-and-mortar presence for these brands worldwide.
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Nordstrom said the investment paves the way for a potential wider collaboration. The companies are in discussions to create a multi-channel showcase for some ASOS brands for Nordstrom customers.
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Customers will also be able to pick up Asos.com orders at Nordstrom and Nordstrom Rack stores this fall.