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Nordstrom Buys Stake in Topshop With Asos Joint Venture

The American retailer has taken a minority stake in Topshop and the three other brands Asos acquired out of administration in February. The deal paves the way for a wider strategic partnership.
Nordstrom's store in Yorkdale, Toronto.
Nordstrom's store in Yorkdale, Toronto. Nordstrom. (Courtesy)

Nordstrom and Asos are teaming up in a bid to revive the fortunes of a faded fast fashion brand.

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