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BusinessFeatured

Asos partners with GoodWeave to address labour rights in supply chain

Online retailer Asos has announced it is partnering with GoodWeave International, a non-profit organisation working to end child, forced and bonded labour in global supply chains, to address label risks in fashion apparel and accessories suppliers in India. The collaboration will mean that Asos will utilise GoodWeave’s assessments in its supply...

2 Feb 2023

Business

Asos takes to Secret Sales in bid to right-size stock portfolio

Fashion e-tailer Asos has unveiled a new partnership with non-full-price marketplace Secret Sales, through which customers can shop products from the brand. Secret Sales shoppers will be able to access an initial selection of up to 1,000 products from Asos-owned brands, including Asos Design, Reclaimed Vintage, Topshop and Miss Selfridges, all...

30 Jan 2023

Business

Asos reportedly hires restructuring executive to aid turnaround

Asos is said to have appointed a senior restructuring executive to its finance department as it faces pressure from lenders about the current state of its balance sheet. Scott Millar, a senior managing director at the consulting firm Ankura, has reportedly joined the struggling e-tailer’s team in a bid to support its discussions with a syndicate...

26 Jan 2023

BusinessFeatured

Asos posts three percent drop in Christmas sales

For the four months ended December 31, 2022, revenues at Asos plc declined by 3 percent to 1,336.5 million pounds, which the company said were broadly in line with expectations. The company said in a statement that trading in the period was volatile and Asos expects these trends to continue through this financial year, but basket economics have...

12 Jan 2023

Fashion Featured

Asos predicts fashion trends for 20-somethings for 2023

Online retailer Asos has stated that film and music stars, ballet core, Y2K denim, 1990s grunge and traditional sneakers will dominate fashion trends among British consumers between 20 and 29 years of age in 2023. According to research commissioned by Asos, conducted by market research agency Opinium between December 6-13, 2022, 20-somethings...

5 Jan 2023

Business

Asos could face investor rebellion over executive pay

Asos, which has experienced a challenging year tainted by falling consumer confidence and supply chain disruptions, could be about to face a conflict with shareholders over executive pay. Shareholder advisory service Pirc has recommended investors reject or abstain on more than a third of the 15 motions at the retailer’s upcoming shareholder...

29 Dec 2022

People

Asos appoints new non-exec director

Asos has appointed Marie Gulin-Merle as a non-executive director, effective February 1. Gulin-Merle is currently Google's global vice president of ads marketing, and previously served as chief marketing officer of Calvin Klein, chief digital officer of PVH, and group chief marketing officer at L'Oreal USA. “Marie joins us with a depth of...

22 Dec 2022

Business

Asos to drive diversity in partnership with Fashion Minority Report

Online retailer Asos is teaming up with Fashion Minority Report (FMR), a platform aiming to create inclusive workplaces to help inspire the next generation of creatives and drive diversity across the industry. In a statement, Asos said it will support several of FMR’s projects that help emerging talent from diverse backgrounds explore their...

20 Dec 2022

Business

Asos appoints Wei Gao as non-executive director

Asos plc appointed Wei Gao as non-executive director. Commenting on Gao’s appointment on the company’s board of directors Jørgen Lindemann, Asos chairman, said in a statement: "Wei joins us with a depth of relevant industry knowledge across international ecommerce. The board will greatly benefit from Wei´s expertise, and we look forward to...

15 Dec 2022

Business

Asos said to be considering hiring a restructuring expert

Asos is reportedly in discussions with its lenders regarding potentially hiring a restructuring expert to fill in for its chief financial officer. Several informal discussions are said to have been held surrounding the position, however a decision is yet to be made according to Bloomberg. It comes after the announcement that Asos’ current...

13 Dec 2022

Business

Asos partners with Hived for “emission-free” delivery in London

E-commerce retailer Asos has partnered with logistics firm Hived to launch “emission-free parcel delivery” in the area of Greater London. The deal will enable Asos’ Instant same-day delivery to orders in the area, utilising Hived’s fleet of electric vehicles for the shipping option. In a release, Adam Scholes, director of delivery solutions at...

12 Dec 2022

Business

Asos interim chief financial officer to step down

Asos has announced that its interim chief financial officer Katy Mecklenburgh will be stepping down from the position following a six month notice period. The news comes just one month after Mecklenburgh was appointed to the interim role after Asos’ former CFO Mat Dun exited the company in October 31, 2022. On departing the retailer in May 2023,...

2 Dec 2022