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.