Why Nordstrom invests in Asos
Listing exclusive brands, using stores for online returns and reliance on an expanding retailer... Mind Retail decodes this new partnership.
On July 11, 2021, the Seattle-based department store chain Nordstrom took a minority stake in the British and profitable pure-player Asos, who also owns the brands Topshop, Topman, Miss Selfridge and HIIT. The details of the financial transaction (amount invested, percentage of ownership) were not public.