RE: Disappointing as expected1 Nov 2023 07:52
Asos has warned sales will continue to fall in the year ahead – by much as 15% – after delayed results revealed it slumped to a near £300m annual loss.
Analysts have expressed fears that the online fashion site will need to raise new cash – potentially through the sales of its Topshop brand – with net debt including leases now at £648.5m, up from £533m a year before.