Nordstrom is excited to announce a new joint venture with ASOS, an online retailer for fashion-loving 20-somethings around the world with a purpose to give its customers the confidence to be whoever they want to be.
What the venture entails:
We’re acquiring a minority interest in ASOS Holdings, which holds the Topshop, Topman, Miss Selfridge and HIIT brands to help drive the growth of these brands and sit alongside a new wider strategic partnership. ASOS will retain operational and creative control of Topshop, Topman, Miss Selfridge and HIIT brands. A shared ownership model with a Nordstrom seat on the ASOS Holdings board will ensure close collaboration between us and ASOS, driving a stronger future for the iconic Topshop, Topman, Miss Selfridge and HIIT brands worldwide.