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Pin to quick picksASOS Share News (ASC)

Share Price Information for ASOS (ASC)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 4,850.00
Bid: 4,857.00
Ask: 4,877.00
Change: 0.00 (0.00%)
Spread: 20.00 (0.41%)
Open: 4,705.00
High: 4,894.00
Low: 4,686.00
Yest. Close: 4,752.00
ASC Live PriceLast checked at -

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ASOS 'highly likely' to buy more brands -CEO

Thu, 8th Apr 2021 08:26

LONDON, April 8 (Reuters) - British online fashion retailer
ASOS is "highly likely" to acquire more brands, its
boss said on Thursday.

In February, ASOS bought the Topshop, Topman, Miss Selfridge
and HIIT brands from the administrators of Philip Green's
collapsed Arcadia group for 265 million pounds ($365
million)aiming to accelerate its multi-brand strategy.

"ASOS has got ambitious plans," CEO Nick Beighton told
Reuters after the group published record first half results.

"We're building our business to be a substantially greater
business with a 10-year view...It's highly likely to achieve
those goals we would pick-up some other brands or acquisitions
along the way," he said.

But Beighton said the bar for deals was high.

"It's got to be fashion, it's got to be something our
20-somethings care about, it's got to be a strong return for our
(share) holders."
($1 = 0.7265 pounds)
(Reporting by James Davey; editing by Sarah Young)

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