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ASOS strike deals with Nordstrom to sell Topshop in US stores | Assos – News


On-line style retailer Assos has signed a contract with the US division retailer chain Nordstrom. Topshop Clothes returned to the bodily retailer.

Nordstrom has acquired a minority stake within the HIIT model of Topshop, Topman, Miss Selfridge and Activeware, which Assos bought in March. After the collapse of Sir Philip Green’s Arcadia Empire – Non-public quantity as a part of a three way partnership introduced on Monday.

Nordstrom sells its model on its web site and 350 shops.It may also be collected and despatched again by consumers. Assos Merchandise at that retailer.

“The partnership with Nordstrom will help our technique in the US and allow it to achieve much more 20s in North America,” mentioned Nick Beyton, CEO of Asos.

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Nordstrom operates in the US and Canada and attracts practically 2 billion guests to its web site annually. The corporate has a protracted historical past with Topshop, which has been promoting clothes in the US since 2012, earlier than Arcadia collapsed. Nevertheless, that is the primary time Assos-owned clothes has appeared on Excessive Avenue.

Asos has acquired Topshop uncontrolled, alongside a few of Arcadia’s different main manufacturers With a £ 330m deal in March.. Arcadia collapsed in November 2020 after a few years of poor buying and selling and excessive prices exacerbated by the pandemic.

Pete Nordstrom, President and Chief Model Officer of Nordstrom, mentioned:

ASOS strike offers with Nordstrom to promote Topshop in US shops | Assos

Source link ASOS strike offers with Nordstrom to promote Topshop in US shops | Assos

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