ASOS PLC ASOS Statement in relation to media speculation (7294M)
January 25 2021 - 2:00AM
UK Regulatory
TIDMASC
RNS Number : 7294M
ASOS PLC
25 January 2021
THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION
25 January 2021
ASOS plc
Statement in relation to media speculation regarding Arcadia
assets
ASOS plc notes recent media speculation and confirms that it is
in exclusive discussions with the Administrators of Arcadia over
the acquisition of the Topshop, Topman, Miss Selfridge and HIIT
brands. The Board believes this would represent a compelling
opportunity to acquire strong brands that resonate well with its
customer base. However, at this stage, there can be no certainty of
a transaction and ASOS will keep shareholders updated as
appropriate. Any acquisition would be funded from cash
reserves.
-ends-
The person responsible for arranging the release of this
announcement on behalf of ASOS is Anna Suchopar, General Counsel
and Company Secretary.
For further information:
ASOS plc Tel: 020 7756 1000
Nick Beighton, Chief Executive Officer
Mathew Dunn, Chief Financial Officer
Alison Lygo, Investor Relations
Website: www.asosplc.com/investors
Headland Consultancy Tel: 020 3805 4822
Susanna Voyle / Stephen Malthouse / Fay
Rajaratnam
JPMorgan Cazenove Tel: 020 7742 4000
Bill Hutchings / Christopher Wood
Numis Securities Tel: 020 7260 1000
Alex Ham / Jonathan Wilcox / Tom Jacob
Background note
ASOS, a UK-based AIM-listed business, is an online retailer for
fashion-loving 20-somethings around the world, with a purpose to
give its customers the confidence to be whoever they want to be.
Through its market-leading app and mobile/desktop web experience,
available in ten languages and in over 200 markets, ASOS customers
can shop a curated edit of 85,000 products, sourced from 850 of the
best global and local third-party brands and its mix of fashion-led
in-house labels including ASOS Design, ASOS 4504, and its Venture
Brands, Collusion and AsYou. ASOS aims to give all of its customers
a truly frictionless experience, with an ever-greater number of
different payment methods and hundreds of local deliveries and
returns options, including Next-Day and Same-Day Delivery,
dispatched from state-of-the-art fulfilment centres in the UK,
Germany and the US.
In early January 2021, ASOS revealed that it will invest GBP90m
in a brand-new state-of-the-art fulfilment centre in Lichfield,
Staffordshire, with a plan to employ 2,000 people at the site over
the next three years, adding to the 7,000 people it already
directly employs in the UK. A week later, it announced its results
for the first four months of its financial year. Over the period,
the company delivered a 23% year-on-year growth in sales and
revenues of GBP1.364bn. These results were underpinned by a strong
sales performance across all geographies and a 1.1m increase in
active customers to 24.5m people.
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END
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