Leonard Green to Invest in Topshop

The Wall Street Journal reports that U.S.-based private equity firm Leonard Green & Partners is about to announce the acquisition of a 25 percent stake in U.K.-based fast fashion retailer Topshop.

The deal is reportedly valued at $1.6 billion. Topshop currently operates three stand-alone stores in the U.S. and multiple smaller locations within Nordstrom's portfolio. Recently, the chain also entered Canada.

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