North American retailer Nordstrom buys stake in Topshop fashion brands     

Asos and Nordstrom are setting up a joint venture that gives Nordstrom a minority stake in Topshop, Topman, Miss Selfridge, and HIIT

Nordstrom is betting Topshop can succeed with younger shoppers despite rocky performance recently. Picture: Gareth Chaney/Collins

North American clothes retailer Nordstrom is investing in Topshop and several other labels owned by online seller Asos which bought the brands out of administration this year. 

The companies are setting up a joint venture that gives Nordstrom a minority stake in Topshop, Topman, Miss Selfridge, and HIIT.