Asos’ profit takes a hit as retailer announces £2.5bn sales goal April 2, 2014 Asos has announced a 22 per cent fall in profit before tax to £20.1m the six months to February, as heavy investment in customer proposition, infrastructure, personnel and capacity takes its toll. But expansion costs were expected by and for the fashion retailer, and Numis has described it as “loaded with investment for growth” this morning. [...]
BooHoo to IPO with ex-Asos boss at helm February 25, 2014 ONLINE fashion retailer BooHoo.com has appointed Peter Williams as chairman ahead of its IPO which is expected in early March. Williams is a former director of rival fashion site Asos, which floated ten years ago and is currently worth around £6bn. He is a stellar hire for the group and widely hailed as one of [...]
Former Asos director to head Boohoo for £500m IPO February 25, 2014 Ex-Asos director Peter Williams is to become chairman of Boohoo.com – a rival online fashion store – as it finalises listing plans valuing it at £500m, Sky News understands. Williams, a seasoned retailer who left the Asos board last year, is to take the reins as the company prepares to float on the stock market. [...]
Asos Indian rival Koovs raises £22m in London market debut March 10, 2014 AN INDIAN online fashion retailer set up by the former chairman of Asos launched on London’s Aim yesterday after raising raised £22m via a share placing. Shares in Bangalore-based Koovs were placed at 150p but jumped to 184p last night, valuing the company at around £44m. The company was founded in 2012 by Lord Alli [...]
Zalando share price fizzles after explosive opening in Frankfurt stock debut October 1, 2014 Shares in Europe’s largest online fashion retailer Zalando gave up most of their opening gains on the Frankfurt stock market debut yesterday. After pricing at €21.50 shares soared as high as €24.10, but by the close of trading had retreated to just €21.569. Berlin-based Zalando started out selling shoes in Germany in 2008, inspired by [...]
New Look defies warm weather as profits soar November 11, 2014 New Look has defied the warm weather that has dampened other retailers' sales, with the fast fashion business reporting profits up a whopping 89.1 per cent for the first half of the year. Profits before tax stood at £26.1m for the six months to September 27 – up on £13.8m the same period last [...]
Zalando shares priced at €21.50 valuing German online retailer at €4.9bn September 29, 2014 German online retailer Zalando has announced the pricing of its shares at the upper end of expectations- €21.50 (£16.79)- kicking off a bumper week for the German technology market. The six-year-old startup will make its market debut on the Frankfurt Stock Exchange on 1 October, floating 11.3 per cent of the business to raise €605m [...]
Boxing Day sales kick off early online at Amazon, John Lewis, Currys, Harrods, Next and Debenhams December 24, 2014 Amazon is kicking off its Boxing Day sale on Christmas Day. That’s right, you can start hunting for deals if Santa didn’t bring what you wanted before you’ve even had time to digest Christmas dinner. But there are also a host of retailers waiting to open their doors to sale shoppers on Boxing Day that [...]
Slump for Asos despite stellar Christmas sales January 14, 2014 ASOS shares slid yesterday despite the online fashion retailer posting another set of glowing results, boosted by sales in Europe and a surge in UK customers clicking online in the run-up to Christmas. The retailer’s shares fell as much as seven per cent before closing down three per cent yesterday, with analysts pointing to an [...]
London Report: Scotland and MPC minutes the main focus for the City September 14, 2014 ALL EYES will be on the result of Thursday’s Scottish referendum, with market watchers keen to know whether or not the 300-year-old union will continue. As far as more normal risk events are concerned, the main one will be Wednesday’s release of the latest set of MPC meeting minutes. That will be complemented by the [...]