2-hour wildfire evacuation notice issued for some Fort McMurray neighbourhoods
A wildfire evacuation alert for some Fort McMurray residents has been updated to a two-hour evacuation notice.
Nordstrom says it's acquiring a minority interest in four fashion brands owned by a British company called Asos as the department store chain aims to attract more customers in their 20s.
The brands-- Topshop, Topman, Miss Selfridge and HIIT-- were purchased by Asos in February after their previous owner and British fashion empire Arcadia Group filed for bankruptcy in late 2020. The financial terms weren't disclosed.
As part of the agreement, announced Monday, Asos will retain operational and creative control of the Topshop brands. But Nordstrom will now have the exclusive retail rights for Topshop and Topman in all of North America, including Canada, and own a minority stake globally. The Seattle-based retailer will also become the only store presence for these brands worldwide. And customers will also be able to pick up Asos.com orders at Nordstrom and Nordstrom Rack stores starting this fall.
The investment paves the way for the potential of a wider strategic alliance between Asos and Nordstrom, according to a company release.
Nordstrom has been the exclusive distributer of Topshop and Topman in the U.S. since 2012 when the department store retailer became the first to bring the brand to the U.S. market.
Pete Nordstrom, president and chief brand officer at Nordstrom, said in a statement that this acquisition offers "the opportunity to work with them to reimagine the wholesale/retail partnership."
"Bringing the Asos brands, including Topshop and Topman, to our customers allows us to create newness and excitement for this dynamic customer segment," Nordstrom said.
A wildfire evacuation alert for some Fort McMurray residents has been updated to a two-hour evacuation notice.
Saskatchewan RCMP are set to provide an update on what the service calls a 'significant' sexual assault and internet child exploitation investigation.
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Wildfires have led Environment Canada to issue air quality advisories for parts of B.C., Alberta, Manitoba, Saskatchewan and the Northwest Territories, as forecasters warn the smoke could drift farther east.
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