focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksASOS Share News (ASC)

Share Price Information for ASOS (ASC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 356.00
Bid: 391.00
Ask: 350.20
Change: -16.40 (-4.40%)
Spread: -40.80 (-10.435%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 372.40
ASC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-Boohoo snaps up Arcadia brands to complete break-up of Green empire

Mon, 08th Feb 2021 07:26

* Dorothy Perkins, Wallis, Burton brands bought for 25.2 mln
stg

* Deal does not include stores

* 2,450 retail staff at risk of redundancy

* Deal follows Boohoo's purchase of Debenhams brand
(Adds detail, shares)

By James Davey

LONDON, Feb 8 (Reuters) - British online fashion retailer
Boohoo has bought the Dorothy Perkins, Wallis and Burton brands
from the administrators of Arcadia for 25.2 million pounds
($34.6 million), completing the break-up of Philip Green's
empire.

Like rival ASOS's purchase last month of Arcadia's
prized Topshop, Topman, Miss Selfridge and HIIT brands, Boohoo's
deal does not include any stores, concessions or
franchises.

Administrators Deloitte said all 214 Dorothy Perkins, Burton
and Wallis stores will permanently close. Some 260 head office
staff will transfer to Boohoo, leaving 2,450 retail staff at
risk of redundancy.

Monday's deal follows Boohoo's purchase last month of the
Debenhams brand out of administration for 55 million pounds.
That deal also excluded Debenhams' stores and its 12,000 staff.
All Debenhams' UK stores will permanently close this year.

"This is a great acquisition for the group as we extend our
market share across a broader demographic, capitalising on
growth opportunities as more and more customers shop online,"
said Boohoo's executive chairman Mahmud Kamani.

The three brands generated revenue of about 428 million
pounds across all channels in the year to August 29 2020.

Shares in Boohoo were down 3.9% at 0840 GMT, with sentiment
dented by speculation the UK government is considering an online
sales tax. Shares in ASOS were down 2.9%.

While the internet has been reshaping the British retail
landscape for more than a decade, multiple lockdowns to stem the
spread of COVID-19 have accelerated the move to home shopping.

Arcadia fell into administration in November owing creditors
hundreds of millions of pounds and threatening more than 13,000
jobs.

Its collapse was the biggest corporate failure of the
pandemic so far.

The administrators sold the Evans brand to Australia's City
Chic for 23 million pounds in December.

In total the administrators have raised more than 500
million pounds for Arcadia's creditors, with the process to
generate proceeds from the group's property portfolio ongoing.

($1 = 0.7281 pounds)
(Reporting by James Davey; editing by Michael Holden, Kirsten
Donovan)

More News
10 May 2023 09:12

LONDON MARKET OPEN: FTSE 100 flat; Melrose up as focuses on aerospace

(Alliance News) - Early trading was cautious in London on Wednesday, as investors look ahead to inflation data from the US, as well as a key interest rate decision from the Bank of England on Thursday.

Read more
10 May 2023 08:11

Broker tips: Just Group, Asos, Marshalls

(Sharecast News) - JPMorgan Cazenove lifted its price target on Just Group on Wednesday to 125p from 115p to reflect higher new business sales forecasts, and a valuation roll-forward.

Read more
10 May 2023 07:55

LONDON BRIEFING: Compass sets share buyback; Melrose ups outlook

(Alliance News) - The FTSE 100 is expected to open marginally higher on Wednesday, following positive updates from some UK blue-chip companies and ahead of a US consumer price index reading.

Read more
10 May 2023 07:19

ASOS losses widen as cost of living crisis bites

(Sharecast News) - ASOS shares slumped after the fast fashion retailer reported wider interim losses as shoppers continued to tighten their belts amid the cost of living crisis, even though the company said it was confident of a return to profit in the second half.

Read more
3 May 2023 14:50

UK earnings, trading statements calendar - next 7 days

Thursday 4 May 
Apax Global Alpha LtdQ1 Results
BAE Systems PLCTrading Statement
Cardiff Property PLCHalf Year Results
Derwent London PLCTrading Statement
e-Therapeutics PLCFull Year Results
Glanbia PLCQ1 Results
IMI PLCTrading Statement
Mondi PLCTrading Statement
Morgan Sindall Group PLCTrading Statement
Next PLCTrading Statement
Rathbones Group PLCTrading Statement
Shell PLCQ1 Results
Spirent Communications PLCTrading Statement
Trainline PLCFull Year Results
Virgin Wines UK PLCHalf Year Results
Wheaton Precious MetalsQ1 Results
Friday 5 May 
Eqtec PLCFull Year Results
InterContinental Hotels Group PLCTrading Statement
International Consolidated Airlines Group SAQ1 Results
Monday 8 May 
no events scheduled 
Tuesday 9 May 
Kosmos Energy LtdQ1 Results
Tialis Essential IT PLCFull Year Results
Treatt PLCHalf Year Results
Wednesday 10 May 
Anexo Group PLCFull Year Results
Asos PLCHalf Year Results
Compass Group PLCHalf Year Results
Directa Plus PLCFull Year Results
Georgia Capital PLCQ1 Results
MaxCyte IncQ1 Results
Spirax-Sarco Engineering PLCTrading Statement
Valeura Energy IncQ1 Results
Vertu Motors PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
25 Apr 2023 09:32

LONDON BROKER RATINGS: Higher price targets for S&N, Asos and Aston

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
25 Apr 2023 08:21

Liberum lifts Asos price target, maintains 'sell' rating

(Sharecast News) - Liberum lifted its price target on Asos on Tuesday to 700p from 500p and maintained its 'sell' rating as it sees "significant" risks in the strategy outlined by the group to improve profitability and remains unconvinced it will be able to fully deliver on those promises.

Read more
24 Apr 2023 10:18

Shortseller ShadowFall targets Asos - report

(Sharecast News) - Fast fashion firm Asos has been targeted by shortseller ShadowFall, according to reports.

Read more
20 Apr 2023 12:16

LONDON MARKET MIDDAY: Rate fears hit indices; Tesla results hurt peers

(Alliance News) - Stocks in Europe were lower heading into Thursday afternoon, with stock markets unable to shake off interest rate worries, while the mining sector kept the FTSE 100 in check once again.

Read more
24 Mar 2023 10:00

Amazon, other retailers revamp 'free' shipping as costs soar

LOS ANGELES, March 24 (Reuters) - There is no such thing as free shipping.

Read more
22 Mar 2023 15:11

IN BRIEF: JD Sports Fashion's new director buys 40,000 shares

JD Sports Fashion PLC - Lancashire-based sportswear retailer - Janette Dyson, wife of Non-Executive Director Ian Dyson buys 40,000 shares at average 171.07 pence, worth GBP68,428, on Tuesday. The purchase is Dyson's only interest, having been appointed to the board earlier this month. He is the chair of electronics retailer Currys PLC and previously was the chair of fast fashion retailer Asos PLC.

Read more
16 Mar 2023 15:46

IN BRIEF: New Softcat CFO Katy Mecklenburgh to start in June

Softcat PLC - IT infrastructure provider to corporate and public sectors, based in Buckinghamshire, England - Confirms Katy Mecklenburgh will join the company as Chief Financial Officer with effect on June 19. Mecklenburgh's appointment was announced in December. She joins Softcat after standing as CFO for fashion retailer Asos PLC.

Read more
9 Mar 2023 10:49

JD Sports hires Currys Chair Ian Dyson as non-executive director

(Alliance News) - JD Sports Fashion PLC on Thursday named Currys PLC's Chair Ian Dyson as a new non-executive director.

Read more
3 Mar 2023 09:13

LONDON BROKER RATINGS: Citigroup cuts Admiral; Jefferies likes PPHE

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Monday:

Read more
21 Feb 2023 10:17

LONDON BROKER RATINGS: BoA cuts DS Smith; Jefferies likes JTC

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.