Clothing & Shoes

Asos profits plunge 105% as group outlines turnaround strategy

It comes as new CEO, José Antonio Ramos Calamonte, outlined a 12-month turnaround plan for the group, which will include a series of short and long-term measures to help ‘refresh’ the group 

Asos has seen its profits plummet 105% to a loss of £9.8m in its latest full-year results, down from profits of £190.1m, as customers reigned in their spending amid the cost of living crisis. 

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