Nordstrom recently acquired a minority stake in Topshop, Topman, Miss Selfridge and HIIT brands, where the investment will help foster growth for the brands globally.
The new partnership will also involve high levels of collaboration and look to redefine the traditional retail and wholesale model. Nordstrom has been the United States distributor for Topshop and Topman since 2012. With the new minority stake, Nordstrom will now be the only retail presence for the brand globally.
"We could not have found a better partner in ASOS, the world leader in fashion for the 20-something customer, and are thrilled to have the opportunity to work with them to reimagine the wholesale/retail partnership," said Pete Nordstrom, Nordstrom's President and Chief Brand Officer.
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