ASOS
This coverage analyses ASOS’s business strategy, market performance, and role within the UK retail industry. Reporting covers financial results, e-commerce initiatives, supply chain developments, marketing campaigns, product launches, and leadership decisions. With a focus on commercial outcomes and operational strategy, it provides valuable insights for retail executives, brand managers, and professionals monitoring online fashion retail and digital transformation.
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Jun- 2023 -9 JuneOnline & Digital
Frasers ups stake in Asos for second time in a week
Mike Ashley’s Frasers Group has upped its stake in embattled online retailer Asos for the second time this week. Frasers has increased its stake to 9.8%, up from the 8.8% established on Tuesday ( 6 June). The investment has sparked rumours of potential interest in a takeover offer with the…
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8 JuneNews
Asos head of commercial change steps down
Asos head of commercial change and operations, Anthony Benham, has left the online retailer after 16 years. Benham started working for Asos in 2006 as a senior menswear merchandiser. In 2012, he was promoted to retail project manager, and in 2016, he was made a senior business change partner. He…
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7 JuneOnline & Digital
Frasers Group raises Asos stake
Mike Ashley’s Frasers Group has increased its stake in online retailer Asos from 7.4% to 8.8% according to a shareholder update posted yesterday. Frasers is currently Asos’ fourth largest shareholder having originally increased its stake to over 5% back in October of last year. The news comes as the embattled…
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7 JuneClothing & Shoes
Asos suppliers cut ties amid falling profits
Suppliers to Asos have reportedly started cutting ties with the online retailer after credit insurers withdrew cover amid concerns over its declining profits, The Times has reported. It comes as the group fell off the FTSE 250 index last week, only weeks after it reported a fall in half-year profits…
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5 JuneClothing & Shoes
Asos faced £1bn takeover bid from Alibaba-backed retailer
Asos reportedly faced a £1bn takeover offer from Turkish online retailer Trendyol in December of last year. According to The Sunday Times, the offer from Trendyol, which is backed by Chinese retail giant Alibaba, valued the retailer between £10 and £12 a share. The outlet added that Trendyol had engaged…
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May- 2023 -26 MayClothing & Shoes
Asos raises £75m alongside £275m asset based refinancing deal
Asos has announced that it has raised £75m from shareholders as well as landing a lucrative refinancing deal based on its assets. The online retailer has made a deal with Bantry Bay for a £275m asset-based financing facility which runs till April 2026. The company estimates that there will be…
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23 MayClothing & Shoes
Asos launches first ever rental edit with Hirestreet
Asos has launched its first ever rental collection in partnership with UK rental marketplace Hirestreet. Available from today (23 May), the edit includes over 180 styles focused on women’s occasionwear dressing. Selected from Asos’ own brands, Asos Design, Asos Edition and Asos Luxe, the edit features wedding-guest outfits, bridal looks…
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17 MayOnline & Digital
One4all partners with Asos and Secret Sales
Multi-store gift card, One4all, has announced two new partnerships with global fashion retailer Asos and premium ecommerce marketplace, Secret Sales. As a result, Asos and Secret Sales now accept the gift card for all online purchases. The online retailers join the group’s catalogue of popular fashion brands including New Look,…
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10 MayOnline & Digital
Asos losses widen to £87m
Asos has revealed a loss before tax of £87.4m in its half-year results for the six months ended 28 February 2023. Furthermore, the company also posted an 8% drop in revenues down to £1.8bn from £2bn in the same period last year. The online retailer reported an adjusted EBIT loss…
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Apr- 2023 -6 AprilPeople Moves
Asos appoints two non-executive directors
Asos has announced the appointments of Natasja Laheij and Jose Manuel Martinéz Gutiérrez as independent non-executive directors. Laheij is currently Google’s senior finance director for Google EMEA, chair of the board of Google Payments Ltd. and audit chair of Vandemoortele. She has more than 25 years of experience in international…
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