Asos rejected £215m Topshop offer from Shein in favour of lower bid September 8, 2024 Online clothing retailer Asos had declined a much higher bid for Topshop and Topman from fast fashion giant Shein in favour of its new joint venture with Heartland.
How Asos’ post-pandemic debt led it to sell Topshop September 5, 2024 Three years after buying the British high street brands Topshop and Topman from Phillip Green’s collapsed Arcadia empire, Asos has said it will sell 75 per cent of its stake in the brands to a joint venture with Heartland. Asos bought the brands at a buoyant time for the company when its stock was near [...]
Asos sells Topshop and Topman into new joint venture with Heartland September 5, 2024 Online clothing retailer Asos has launched a joint venture with Heartland, whereby Heartland will buy the Topshop and Topman brands from the firm. Asos bought the two brands, along with Topman, Miss Selfridge and HIIT, in 2021 from Philip Green’s collapsed Arcadia group for £265m (excluding stock). The joint venture will grant Asos “certain design [...]
How retailers like ASOS, H&M and Zara are fighting back against ‘serial’ returns September 3, 2024 ASOS has become the latest retailer to change their returns policy as firms increasingly try to fight back on costly high-frequency takebacks – as well as outright fraud. In an email to its premier and non-premier members, the popular fashion giant shared that it would be updating its Fair Use Policy foe “select customers” in [...]
Marks and Spencer: Five charts revealing the remarkable turnaround of a British icon May 25, 2024 Wracked by poor sales figures, rickety online infrastructure and a general identity crisis M&S, the once darling of the British high street has pulled off a remarkable turnaround.
Asos ahead of schedule turning ‘stock into cash’ as revenue drops 18 per cent April 17, 2024 Online retailer Asos said it was ahead of plan with its stock reduction process, as it ploughs ahead with its turnaround plan.
Markets await March inflation data for new signals on interest rate cuts April 14, 2024 Analysts expect the headline rate of inflation for March to ease to 3.2 per cent from 3.4 per cent, when new figures are published this week.
CMA greenwashing probe: Asda, Asos and Boohoo promise clarity on eco-claims March 27, 2024 Top fashion retailers Asos, Boohoo and George at Asda, have signed undertakings to clarify the way they promote and display their environmental credentials, the competition watchdog has said.
ASOS reports sales slump as it offloads stock to ‘right-size’ the business March 26, 2024 It told the markets this morning that the sales decline was "broadly in-line with guidance" because in the fourth quarter of 2023, trends were expected to continue to slow down.
Asos chief: We’ll ‘reignite our brand heat’ to turn firm around November 1, 2023 Despite a fall in earnings, Asos said it is on track to deliver revenue growth of pre-COVID levels by the 2025 financial year.