World Footwear


Shein eyes acquisition of Topshop

Apr 29, 2024 / United Kingdom
According to The Sunday Times, Topshop’s owner, Asos, has reportedly attracted interest from several prominent retail companies, including the Chinese fast-fashion giant Shein

Asos announces stock reduction ahead of target

Apr 24, 2024 / United Kingdom
The online retailer widened its losses in the first half of its fiscal year, but said its turnaround plan was progressing well, highlighting that it had reduced its stock levels ahead of target

Asos reports a sales decline in the first half of its fiscal year

Apr 9, 2024 / United Kingdom
With its turnaround plan underway, the British retailer has issued a trading update for the first half of its fiscal 2024, in which sales fell by 18% year-on-year, but maintained its annual outlook

Asos returns to profitability

Jun 23, 2023 / United Kingdom
Despite a third quarter revenue decline, the UK-based online retailer returned to profitability, saying that its turnaround strategy is starting to work. This led Frasers to increase its stake in the company

Asos shares rise on reports of a takeover bid by Alibaba-backed Turkish rival

Jun 7, 2023 / United Kingdom
This news came after the fast fashion retailer's downgrade from London's FTSE 250 index of mid-sized companies, which reflects its declining performance in the post-pandemic period

Asos adds two non-executive directors to the Board

Apr 13, 2023 / United Kingdom
The UK-based fashion retailer has named Natasja Laheij and Jose Manuel Martinéz Gutiérrez as independent non-executive directors to its board of directors, effective as of the 11th of April

ASOS appoints new CEO as it warns on profit

Jun 17, 2022 / United Kingdom
The fashion retailer named José Antonio Ramos to the role of CEO and announced that Jgøren Lindemann will become Chair. The company also said that will be expecting lower profits this year

Nordstrom acquires minority stake in Asos brands

Jul 12, 2021 / United States
Asos has formed a joint-venture with US-based multi-channel retailer Nordstrom, which will invest for a minority interest in the Topshop, Topman, Miss Selfridge and HIIT brands

Asos with sales growth of 24%

Apr 13, 2021 / United Kingdom
A few weeks after the announcement of the acquisition of part of the assets of the Arcadia group, including Topshop, the British electronic marketer Asos published its results for the six months to the end of February, posting two digits growth in sales
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