Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Nordstrom announced last weekend that it has purchased a minority stake in four leading clothing lines that are owned by UK’s online fashion house Asos.
The American luxury department store chain acquired stakes in Topshop, Miss Selfridge, Topman, and HIIT, an activewear brand. Nordstrom’s main aim for the acquisition of stakes is said to be to attract and appeal to younger shoppers who are in their 20s.
Nordstrom’s deal may open new possibilities for further partnerships
According to CNBC, Pete Nordstrom, the company’s president and chief brand officer, is viewing the team up with Asos as a means to redefine the business model of a wholesaler working with a retailer like Nordstrom. Moreover, he is also looking into the possibility of further strategic partnerships with UK brands in the future.
While Asos will maintain the operational and creative control of its Topshop labels, Nordstrom will be given exclusive retail rights for the Topman and Topshop outlets and businesses in North America.
It was learned that Nordstrom has been an exclusive distributor of the said labels in the United States since 2012, and now the deal has given the department store the rights to be in full control in the U.S. and Canada.
Nordstrom looking at big potentials for its investment
The company will now be the only physical outlet for Topshop and Topman. For customers who bought items online, they will be able to pick up their purchases at Nordstrom department stores as well.
"Bringing the Asos brands, including Topshop and Topman, to our customers allows us to create newness and excitement," Pete Nordstrom said after the purchase of stakes.
Finally, Nordstrom Inc. may have acquired just a minority stake in Asos’s four labels, but it is looking at a bigger picture. The deal may create more business opportunities, and as noted by Fox Business, the luxury department store chain believes that its investment paves the way for greater collaboration. In fact, Nordstrom and Asos are said to be considering the creation of multi-channel showcases for several of the latter’s labels that will be exclusive to Nordstrom customers.
