Asos

Asos FY losses widen to £379m despite turnaround progress

Asos has seen full-year losses plunge to £379.3m, widening from its previous loss of £296.7m, as it focused on “setting…

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Asos rejected £215m Shein Topshop bid for lower offer

Asos reportedly declined a £215m bid for Topshop from Shein and Authentic Brands Group, in favour of its joint venture…

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Asos proposes new executive pay plan

Asos has proposed changes to its remuneration policy with the introduction of a new Value Creation Plan (VCP).  The retailer…

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Shein revives interest in acquiring Topshop

Shein is reportedly amongst a “number” of retailers still interested in acquiring the Topshop brand from Asos. According to The…

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Asos losses widen to £120m in H1 as sales fall 18%

Asos has seen its losses deepen to £120m in the first half of the year, a 32.6% increase compared to…

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Asos relaunches influencer programme

Asos has relaunched its Asos Insider influencer programme after the initiative was previously wound down in 2020 due to the…

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Asos appoints new executive VP of digital product 

Asos has appointed Anthony Ben Sadoun as the new executive vice president of digital product. According to Drapers, he will…

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Asos to mothball Lichfield warehouse amid falling profits

Asos is planning to mothball its second UK fulfilment centre in Lichfield next year, as part of efforts to cut…

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Asos posts £296.7m loss before tax in FY23

Asos has announced a statutory loss-before-tax of £296.7m for the year ended 3 September 2023 down from a loss before…

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Today’s news in brief-25/10/23

Asos has pushed back the release of its FY23 results to 1 November 2023, citing the need for its auditor,…

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