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ASOS.L on London Stock Exchange

26 May 2017
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38.00 (+0.60%)
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Latest Key Developments (Source: Significant Developments)

ASOS says fire at distribution centre damages stock worth 6.25 mln stg
Tuesday, 16 May 2017 06:10am EDT 

May 16 (Reuters) - ASOS Plc ::At 3.00am on Tuesday May 16 2017, a fire broke out in our new Eurohub 2 distribution centre based outside of Berlin.Initial estimate of 25 or c.6.25 mln stg could be compromised by fire and water damage.None of technology, automation or structure of building has been affected by fire.Anticipated that other three chambers of site will be operational again later today.Fully insured for loss of stock and any subsequent business interruption.  Full Article

Asos says settles trade mark disputes
Friday, 2 Sep 2016 02:00am EDT 

Asos Plc : Has reached a global settlement regarding trade mark infringement disputes with high-performance cycle wear manufacturer Assos of SWITZERLAND GmbH and german menswear retailer, Anson's Herrenhaus KG . Agreements have been entered into whereby Asos is to pay a total of 20.2 million stg in cash, in a full, final and global settlement of all outstanding litigation with each of assos and anson's .Payment will be reported as an exceptional item at year end.  Full Article

ASOS says in medium term expects benefit from weaker sterling
Tuesday, 12 Jul 2016 03:18am EDT 

Asos : CEO says in medium term expects benefit from weaker sterling . Shares up 1 percent after H2 trading statement beats forecasts, confident outlook Further company coverage: (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

ASOS sees full year sales growth at upper end of guidance
Tuesday, 12 Jul 2016 02:00am EDT 

Asos Plc : Trading Statement for the four months ended 30 June 2016 . Retail sales up 30% (CCY: +26%) . International retail sales 59% of total, in line with last year . Retail gross margin down c.180bps on prior year due to sale phasing and planned price investment . 12 million active customers at 30 June 2016 (+24% year on year) . UK growth remains strong at +28% and we have seen further acceleration across U.S., EU and ROW segments . Now anticipate full year sales growth at upper end of 20-25% range . Retail gross margin guidance of up to 50bps of investment remains unchanged .We remain confident in delivering current market pbt expectations for year.  Full Article

ASOS founder Robertson raises about 46 mln stg via stake sale - bookrunner
Thursday, 26 May 2016 02:01am EDT 

Numis Securities Limited : Nick Robertson has sold in aggregate 1,305,000 ordinary shares in co at a price of 3,525 pence per share, raising proceeds of about 46 mln stg .Remaining ordinary shares in company held by selling shareholder following placing will be subject to a 90-day lock-up.  Full Article

ASOS says founder Nick Robertson to sell 1.3 mln shares
Wednesday, 25 May 2016 11:40am EDT 

ASOS Plc : Proposed secondary placing of director's ordinary shares in ASOS plc ( "company") . Placing shares will be offered to institutional investors through an accelerated bookbuild to be carried out by Numis Securities . Founder Nick Robertson intends to sell about 1.3 million ordinary shares, representing about 1.6 per cent of co's existing issued share capital, .Assuming that above number of shares were sold, selling shareholder would continue to have an interest in about 5.5m ordinary shares.  Full Article

ASOS plc says appointment of Nick Beighton as Chief Executive Officer
Wednesday, 2 Sep 2015 02:00am EDT 

ASOS plc:Says Nick Robertson is to stand down as Chief Executive Officer and is to remain with the Company as a non-executive director.Says Board also announces the appointment of Nick Beighton as Chief Executive Officer of the Company in succession to Nick Robertson.Says these changes take effect immediately.  Full Article

More From Around the Web

Asos warehouse fire destroys stock worth 6.25 mln pounds

May 16 British online fashion retailer Asos Plc said on Tuesday a fire at its warehouse outside Berlin destroyed stock worth about 6.25 million pounds ($8 million).