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Why Nordstrom's Big Buy Might Be a Bad Move

·5 min read
Why Nordstrom's Big Buy Might Be a Bad Move
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Through this joint venture with Asos, Nordstrom is taking a minority interest in several brands, including Topshop, Topman, Miss Selfridge, and HIIT. The company noted in the announcement press release, "Whilst Asos will retain operational and creative control of the Topshop brands, a shared ownership model will ensure close collaboration between the U.S. retailer and ASOS, driving a stronger future for the iconic Topshop brands worldwide."