Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Appreciate we’d heard about this before but now confirmed……
https://stocks.apple.com/ACGWF_TLPQQqyEtBvC3tm7g
We had speculation but not confirmation.
Thanks for posting.
Should really have been an RNS reach issued by the company, but great news all the same.
It's always summer in India...
I assume there will be some thinking about localised production too.
Excellent News..
BENGALURU, May 16 (Reuters) - India's Reliance Retail entered a partnership to sell British online retailer ASOS' (ASOS.L), opens new tab products in India, the Reliance Industries (RELI.NS), opens new tab unit said on Thursday.
U.K.- listed shares of ASOS, whose products cater to young adults, rose as much as 3.9% on the news.
The partnership is the latest in a string of deals by Reliance Retail, which has brought international brands such as American jewellery seller Tiffany & Co and French luxury brand Balenciaga to India.
More coverage...
Chief executive José Antonio Ramos said: “Our purpose is to give fashion lovers around the world the confidence to be whoever they want to be through access to the latest and best trends.
“Together with Reliance Retail, we’re excited to be bringing some of our fashion-led own-brands to customers in India – including Asos Design, one of the biggest British fashion brands on the planet.”
Reliance Retail Ventures director Isha Ambani added: “We’re excited to welcome Asos into our fashion family, marking a significant stride in our dedication to bringing the pulse of global trends to Indian shores.
“This partnership reaffirms our status as India’s premier retail destination, ensuring our customers have access to the cutting-edge fashion styles they crave.”
The online retailer follows Next, which signed a franchise agreement with Indian ecommerce giant Myntra to bring its fashion to the local market.
Part of the '2024 is a year of transformation' story the BOD keeps reminding us of.
Good afternoon all, what excellent news I am greeted with.The long awaited Indian deal :)
Looking at the Technicals, I'm thinking now we have sailed past 360 and have now breached the decending wedge, the previous highs are the logical next milestones.
Pass these and I honestly think you will see a massive short reduction and alot of folk buying in.
https://ibb.co/TgxnDRW
I must admit I was looking forward to this news dropping and had hoped it would have a more positive impact on the sp.
I wonder does the market just see it as an opportunity but will wait to see if it actually brings any profitable result.
Pricing may be an issue in India and as we all know you dont get rich selling £5 notes for a pound.
Here's hoping it works out.
Idandy…. What I do know is the job markets in India have been on fire for years. This has caused great competition which means more money in the back pocket for the working folk.
People in the IT profession are not working for £5k a year…. On average support workers are taking in £15-£30k a year. My figures are in sterling so that’s a lot of money when converting to the local currency / cost of living.
If ASOS grows in this space then we will be handsomely looked after on the SP.
Agree, growth in broker accounts in India for example also have been big in India. From 25 M in 2015 to 150 now in seven years. Says enough about spending power and growth GDP. Many tailwinds there now. Good newsfor Asos, SP will react in due course when proven that volumes are indeed impacted and what this adds bottom line.
Does any of you have an idea of the scale, expected impact on revenues / profit, partnership arrangements etc? What about local competition?
Roberto there 1.4b living in India. I hope that answers your question and you can now stop asking pointless questions.
Thanks for the analysis Black
What are you scared off Robo?
What is it that makes you panicked every so often?
Don't worry mate, we're going to pick off the various resistance levels one by one and glide towards 1000 ;)
How many years will that take
Why does that matter? Its going up wether its 1 year or 5 . You were saying its going bust a moment ago, don't worry its not :)