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The Latest Breaking News from Asos

Frasers Group increases stakes in Asos and Hugo Boss

Sports Direct and Flannels owner has ambitions to grow inside and outside of the UK

Birmingham Post

Mike Ashley's Frasers Raises Hugo Boss Exposure and Buys ASOS Stake

Mike Ashley's Frasers Group has increased its maximum exposure to German fashion house Hugo Boss to 840 million pounds ($954 million) and has built a more than 5% stake in struggling British online fashion retailer ASOS. Frasers, formerly called Sports Direct, is on a drive to move upmarket and said…

Asharq Al-Awsat

Frasers builds 5% stake in Asos to become fourth-largest investor

Mike Ashley’s increased holding comes after online retailer reported slowing sales and full-year loss

The Guardian - UK

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Woman in hysterics over photo Evri delivery driver left as proof of postage

A woman has taken to Reddit to share the hilarious photo her Evri delivery driver left when dropping her ASOS parcel off at her house - she joked about her dog accepting the package on her behalf

Daily Mirror

ASOS planning to open 'pop-up' high-street store to sell clothes at a discount

Sources close to the fast-fashion brand said it is considering opening up a 'temporary, pop-up outlet'.

Daily Record

Asos’s global overstretch shows in share price and operating profits plunge

Long-term shareholders would be immeasurably richer if Asos had stayed in the UK, its ‘core operation’

The Guardian - UK

Shopper vows never to buy from ASOS again after spotting 'blood stain' on new trousers

A 16-year-old student has vowed never to shop at ASOS again after allegedly discovering what she believes to be a 'period blood stain' on the crotch of her new trousers

Daily Mirror

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ASOS: What went wrong at the fast fashion house?

Can the new CEO save the company that was once a stock market darling?

Evening Standard

ASOS planning to open shop on the high street to sell clothes at a discount

Online-only clothes retailer ASOS could open a pop-up store to sell out-of-season clothes at a steep discount, as the firm announced big losses due to the cost of living crisis

Daily Mirror

Asos posts annual loss and warns of 'incredibly challenging' market as consumers cut back on spending

Trading has remained volatile since year end

Insider UK

ASOS Warns on Outlook as Consumers Feel Inflation Pain

British online fashion retailer ASOS said it needed to rebuild its once-successful business model after it reported an 89% drop in 2021-22 profit and forecast a loss in the first half, due to a rapidly deflating economy. The group, whose shares have fallen 80% this year, made adjusted profit before…

Asharq Al-Awsat

Asos to write off stock and cut costs as shoppers rein in spending on fashion

Online retailer reports disappointing sales growth and £32m pre-tax losses as it agrees £650m banking facility

The Guardian - UK

Asos promises “culture reset” as it tries to turn itself around

Asos reckons its mostly young clientele – many of whom live with parents so don’t pay mortgages or fuel bills – should manage the cost-of-living crisis better than most.

Evening Standard

‘Big ticket’ retailers face difficult months ahead

Retailers selling non-essential items are suffering amid plummeting consumer confidence

Evening Standard

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The Guardian - UK

Asos shares plunge as it confirms talks with lenders over borrowing

Online fashion retailer says it is in ‘final stages’ of agreeing new terms for £350m loan facility

Daily Record

Sunday headlines: Huge fire breaks out in Glasgow and Rangers fan who broke woman's leg avoids jail

Here are the main headlines on the Daily Record website today.

Daily Record

Mum stunned as ASOS wedding outfit left her feeling 'like a half-opened present'

The mum says she had been at her 'absolute wit's end' after repeatedly ordering and returning outfits, until she finally found one on ASOS.

Asharq Al-Awsat

ASOS in Talks With Lenders to Amend Terms of $391 Million Facility

British online fashion retailer ASOS is in talks with lenders to amend the terms of its 350 million pound ($391 million) borrowing facility, it said on Saturday. “ASOS ...

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Evening Standard

Asos seeks £350 million credit boost to avoid financial buffers

Fast fashion retailer has been in talks with high-profile lenders to shore up financial position

Manchester Evening News

Mum mortified after ASOS wedding outfit leaves her looking like a 'half-opened present'

Hairdresser Suzannah Smith was left stunned when the £123 purchase arrived

Evening Standard

From ASOS to designer rentals: Here’s where to shop affordable skiwear

How to be chic on the slopes without breaking the bank

Evening Standard

Best Christmas jumpers for adults in 2022

It’s time to celebrate with a classic festive jumper

Manchester Evening News

Steal Their Style: The best looks from shoppers in the Arndale and Manchester Piccadilly including ASOS, Zara and Primark

Northern Soul lovers, bargain hunters and retail workers are among the most fashionable in the city

Daily Mirror

Holly Willoughby looks ‘beautiful’ in Nobody’s Child dress that's under £50

The perfect autumnal piece, Holly Willoughby's floral print Nobody's Child dress is both stylish and wonderfully affordable

Evening Standard

Best stocking fillers for adults 2022: Ideas for under £30

Stocking filler gifts for friends and family

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