RE: Trading update17 Jan 2024 13:15
Im just not seeing a "merger" happening...
Why would boo merge with asos, historically boohoo has double the margin of asos, and asos is making much bigger losses....
I could however see boohoo make an offer for asos, the kamani family have far reaching tentacles into vast amounts of money and could easily raise the money, they also have large chunks of skin in the game.
The strongest point here is just how much stock the family own where as over at asos the skin in the game is tiny.
Having only found out mid morning that asos are also skipping the update, it has changed my opinion of what is going on behind closed doors.
Let's wait and see.