Confirmation Asos in talks to sell top shop in the telegraph…1 Nov 2023 20:46
Osé Antonio Ramos Calamonte said there were “no sacred cows” for the business and said the closing of its Lichfield warehouse was “a very clear example of that”.
He added: “If we don’t need a facility, we simply mothball it.”
The comments come days after The Telegraph revealed Asos was in talks to sell Topshop.
The online retailer is negotiating with US retailer Authentic Brands about a possible sale of the brand as Asos looks to slim down its business and raise cash to bolster its balance sheet. Asos bought Topshop in 2021 and valued it at £265m.
Mr Calamonte declined to comment on the talks, but said the board was “of course aware of our announcement obligations”.