RE: Another sad day for ASOS19 Jun 2025 18:26
All just guesswork.
Outgoing CFO has laid down the foundations for the next phase of the Asos journey, having "successfully overseen the refinancing and stock reduction". Apparently Asos are significantly stronger and a more resilient business than when the outgoing CFO joined.
New CFO is the man for the next part of the journey. This practice isn't uncommon, but who knows, it could easily not have been part of the plan and they are just using it as an excuse. Nobody here obviously has a clue.