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Asos shares continued to surge yesterday after it bought parts of Sir Philip Green’s stricken retail empire. The stock has risen 13 per cent in the two days since it sealed the £295million takeover of Miss Selfridge, Topman and most significantly Topshop – the jewel in the crown of the once mighty Arcadia group. Asos … Read more
Fast fashion websites face stricter ‘buy now, pay later’ rules to protect young shoppers By Daily Mail City & Finance Reporter Published: 22:54 GMT, 2 February 2021 | Updated: 22:55 GMT, 2 February 2021 Boohoo and Asos were in the spotlight after the financial regulator vowed to crack down on buy now pay later providers. … Read more
Asos buys Miss Selfridge and Topshop brands for £265m: Online-only deal means another 70 store closures and 2,500 redundancies By Daily Mail City & Finance Reporter Published: 22:07 GMT, 1 February 2021 | Updated: 22:07 GMT, 1 February 2021 Asos shares soared as investors toasted the £295million purchase of the Topshop, Topman and Miss Selfridge … Read more
Asos confirms takeover of Topshop and brands Topman, Miss Selfridge and HIIT for £265million from Sir Philip Green’s collapsed Arcadia empire By Mark Duell for MailOnline Published: 07:30 GMT, 1 February 2021 | Updated: 07:34 GMT, 1 February 2021 Asos has confirmed it has sealed the takeover of Topshop and three other brands from the … Read more
JD Sports holds talks about running Topshop stores in partnership with Asos as sale of fashion brand inches closer By Neil Craven, Financial Mail on Sunday Published: 21:51 GMT, 30 January 2021 | Updated: 21:51 GMT, 30 January 2021 JD Sports has held talks about running Topshop stores in partnership with Asos as a sale … Read more
ASOS mocks Boohoo for ‘forgetting to Photoshop out’ its logo on a pair of sports socks worn by a model in ad for a crop top Boohoo posted image of model wearing ASOS 4505 crew socks on their website Photo was advertising Boohoo crop top and featured model wearing ASOS socks Online retailer accused rival … Read more
Ambitious Asos closes in on Topshop rescue: Fears for thousands of shop worker jobs with online-only fashion group likely to sign deal this week By Tom Witherow For The Daily Mail Published: 21:50 GMT, 25 January 2021 | Updated: 21:50 GMT, 25 January 2021 Asos is in exclusive talks to buy Topshop out of administration … Read more
Asos emerges as a major contender in the race to buy Sir Philip Green’s Topshop By Daily Mail City & Finance Reporter Published: 21:50 GMT, 24 January 2021 | Updated: 21:50 GMT, 24 January 2021 Asos has emerged as a major contender in the race to buy Sir Philip Green’s Topshop. It has bid more … Read more
The perpetual arm-wrestling match between the two leading junior market online retailers has resulted in Asos clawing back the ‘king of AIM’ crown. In fact, the clothier is now worth £5billion, well above its rival Boohoo’s market capitalisation of £4.2billion. However, investors haven’t been impressed lately despite strong festive performances from both companies, with shares … Read more
Asos deifies Covid gloom as sales rise by 36%, with Just Eat and Lidl following suit Asos’ sales rose by 24% to £1.36 billion in the four months to December 31 It has focused on pyjamas and T-shirts with customers forced to stay at home As takeaway orders soared, orders at Just Eat spiked by 58% … Read more