Asos Share Discussion Threads

[throgmortonstreet] 17/5/2024 08:13

It's not just SHEIN that all you ASOS shareholders need to worry about, TEMU are also proving very popular with American, British and European shoppers too

WWW.TEMU.COM

[knowbodyyouno] 17/5/2024 08:06

What difference does it make where Shein is listed? Old news.

[smart solution] 17/5/2024 07:59

Will run north significantly from here...

[factsandfigures] 17/5/2024 07:56

ANOTHER BODY BLOW TO ASOS AS SHEIN LINES UP ITS OWN £53 BILLION LONDON LISTING
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Online clothing retailer, SHEIN is accelerating plans for a record breaking £53 Billion float on the London Stock Exchange.

Due to ongoing tensions between the U.S.A and China, SHEIN has apparently picked London over New York for its I.P.O and stockmarket listing.

Investment bankers from JP Morgan, Morgan Stanley and Goldman Sachs are currently working on the Initial Public Offering.

SHEIN's founder Chris Xu, visited London recently to discuss the stockmarket listing, receiving a warm welcome from officials in the Treasury, the Department for Business and from 10 Downing Street.

Apparently, this is in stark contrast to the hostile reception Mr Xu received in America.

Amid falling sales and rising financial losses, ASOS PLC currently has a market capitalisation of just £420 Million, which potentially will be about 130 times smaller than SHEIN, when it becomes a London listed PLC.

www.shein.co.uk

[wolfofhounslow] 17/5/2024 07:44

Reliance Retail and ASOS partner to bring ASOS own brands to IndiaReliance Retail will establish multi-channel presence for ASOS own brands in IndiaMumbai, May 16th 2024: Reliance Retail, India’s leading retailer, and ASOS, the UK’s leading online fashion retailer for 20-somethings, have entered into a long-term partnership aiming to redefine the fashion landscape in India. This strategic partnership marks a significant milestone in Reliance Retail's commitment to offering unparalleled choices and bringing world class retail experiences to Indian consumers.Under a long-term licensing agreement, Reliance Retail will be the exclusive retail partner for ASOS across all online and offline channels in India. Leveraging its extensive experience of operating omni-channel retail networks, Reliance Retail will introduce ASOS’s curated portfolio of fashion-led own brand labels to the Indian market through a multi-channel presence for ASOS and a diverse array of retail formats, including exclusive brand stores, multi-brand store expressions, and digital commerce platforms.As a destination for fashion-loving 20-somethings, ASOS aligns seamlessly with Reliance Retail's unparalleled strength in operating India’s largest omni-channel retail networks, promising to revolutionize the way Indian consumers discover and engage with the latest global fashion trends. The agreement is ASOS’ first country-wide exclusive retail partnership.Commenting on the partnership, Isha Ambani, Director, Reliance Retail Ventures Limited, said, “We're excited to welcome ASOS into our fashion family, marking a significant stride in our dedication to bringing the pulse of global trends to Indian shores. This partnership reaffirms our status as India's premier retail destination, ensuring our customers have access to the cutting-edge fashion styles they crave.â€?José Antonio Ramos, CEO, ASOS said: “Our purpose is to give fashion lovers around the world the confidence to be whoever they want to be through access to the latest and best trends. Together with Reliance Retail, we’re excited to be bringing some of our fashion-led own-brands to customers in India â€" including ASOS Design, one of the biggest British fashion brands on the planet.â€?Notes to editorsAbout Reliance Retail Ventures Limited:Reliance Retail Ventures Limited (Reliance Retail), is the holding company of all the retail companies under the RIL (Reliance Industries Limited) group. Reliance Retail and other subsidiaries and affiliates, operate an integrated omni-channel network of over 18,836 stores and digital commerce platforms across Grocery, Consumer Electronics, Fashion & Lifestyle and Pharma consumption baskets. Reliance Retail has partnered with over 3 million merchants through its New Commerce initiative. Reliance Retail is the only Indian retailer in the global Top 100 and amongst the fastest growing retailers globally as per Deloitte's Global Powers of Retailing 2023.RRVL reported a consolidated turnover of ₹ 306,786 crore ($ 37 billion) and net profit of ₹ 11,101 crore ($ 1.3 billion) for the year ended March 31, 2024.About ASOS:ASOS is a destination for fashion-loving twenty-somethings around the world, with a purpose to give its customers the confidence to be whoever they want to be. Through its app and mobile/desktop web experience, available in nine languages and in over 200 markets, ASOS offers a curated edit of thousands of products sourced from nearly 900 global and local third-party brands alongside a mix of fashion-led own-brand labels.

[factsandfigures] 17/5/2024 07:35

Wolf of LOSERVILLE back in copy and paste mode again

[wolfofhounslow] 16/5/2024 20:57

Is that the reason why Reliance Retail made 36b in revenues ?

[sellhighandbuylow] 16/5/2024 20:40

and a significant percentage of the Indian population live on less than $1 per day

[meleforgothisbongo] 16/5/2024 20:21

Hey hey hey guess what your a nob

[sellhighandbuylow] 16/5/2024 19:57

It didn't work for Boohoo PLC when they tried it, and it won't work for ASOS

[vanduke] 16/5/2024 19:50

Or USD 230 billion market cap.Let that sink in who Asos have partnered with and the potential value of this partnership!!

[vanduke] 16/5/2024 19:37

Edit:Reliance Retail cap GB180 billion.

[vanduke] 16/5/2024 19:17

Reliance Retail value over USD 100 billion.Hmmm..Possible future takeover of ASOS???1.4 billion people in India.Huge market exposure!!!

[jim rockford] 16/5/2024 18:36

Just released on ASOS website - excellent news!!!

Reliance Retail and ASOS partner to bring ASOS own brands to India

Reliance Retail will establish multi-channel presence for ASOS own brands in India

Mumbai, May 16th 2024: Reliance Retail, India’s leading retailer, and ASOS, the UK’s leading online fashion retailer for 20-somethings, have entered into a long-term partnership aiming to redefine the fashion landscape in India. This strategic partnership marks a significant milestone in Reliance Retail's commitment to offering unparalleled choices and bringing world class retail experiences to Indian consumers.

Under a long-term licensing agreement, Reliance Retail will be the exclusive retail partner for ASOS across all online and offline channels in India. Leveraging its extensive experience of operating omni-channel retail networks, Reliance Retail will introduce ASOS’s curated portfolio of fashion-led own brand labels to the Indian market through a multi-channel presence for ASOS and a diverse array of retail formats, including exclusive brand stores, multi-brand store expressions, and digital commerce platforms.

As a destination for fashion-loving 20-somethings, ASOS aligns seamlessly with Reliance Retail's unparalleled strength in operating India’s largest omni-channel retail networks, promising to revolutionize the way Indian consumers discover and engage with the latest global fashion trends. The agreement is ASOS’ first country-wide exclusive retail partnership.

Commenting on the partnership, Isha Ambani, Director, Reliance Retail Ventures Limited, said, “We're excited to welcome ASOS into our fashion family, marking a significant stride in our dedication to bringing the pulse of global trends to Indian shores. This partnership reaffirms our status as India's premier retail destination, ensuring our customers have access to the cutting-edge fashion styles they crave.”

José Antonio Ramos, CEO, ASOS said: “Our purpose is to give fashion lovers around the world the confidence to be whoever they want to be through access to the latest and best trends. Together with Reliance Retail, we’re excited to be bringing some of our fashion-led own-brands to customers in India – including ASOS Design, one of the biggest British fashion brands on the planet.”

Notes to editors

About Reliance Retail Ventures Limited:

Reliance Retail Ventures Limited (Reliance Retail), is the holding company of all the retail companies under the RIL (Reliance Industries Limited) group. Reliance Retail and other subsidiaries and affiliates, operate an integrated omni-channel network of over 18,836 stores and digital commerce platforms across Grocery, Consumer Electronics, Fashion & Lifestyle and Pharma consumption baskets. Reliance Retail has partnered with over 3 million merchants through its New Commerce initiative. Reliance Retail is the only Indian retailer in the global Top 100 and amongst the fastest growing retailers globally as per Deloitte's Global Powers of Retailing 2023.

RRVL reported a consolidated turnover of ₹ 306,786 crore ($ 37 billion) and net profit of ₹ 11,101 crore ($ 1.3 billion) for the year ended March 31, 2024.

About ASOS:

ASOS is a destination for fashion-loving twenty-somethings around the world, with a purpose to give its customers the confidence to be whoever they want to be. Through its app and mobile/desktop web experience, available in nine languages and in over 200 markets, ASOS offers a curated edit of thousands of products sourced from nearly 900 global and local third-party brands alongside a mix of fashion-led own-brand labels.

[meleforgothisbongo] 16/5/2024 18:15

Says he who is on here all night & day and weekend 24/7 365 over 29 profiles FACT. Why don't you ask factsandfigures to announce this seeing as his name suggests this.

[throgmortonstreet] 16/5/2024 18:04

The stockmarket officially closed 94 minutes ago, Go home you saddo.

[wolfofhounslow] 16/5/2024 17:47

Asos is set to launch online and in-store in India as it signs a new licensing agreement with local retail company Reliance Retail.The fashion etailer said the long-term partnership will see Reliance Retail be the exclusive partner for the brand across all online and offline channels in the region.This includes the introduction of Asos' portfolio of own-brand fashion labels to the Indian market through a multichannel presence, such as exclusive brand stores, multi-brand store expressions, and digital commerce platforms.Asos said the deal was its first country-wide exclusive retail partnership.

[sellhighandbuylow] 16/5/2024 16:31

It didn't work for Boohoo PLC and it won't work for ASOS

[wolfofhounslow] 16/5/2024 16:24

https://www.retailgazette.co.uk/blog/2024/05/asos-launch-india/

[wolfofhounslow] 16/5/2024 16:24

This can potentially give you double the uk and rest of the world sales alone , Reliance is the biggest company in India and they have the infrastructure !!

[sellhighandbuylow] 16/5/2024 16:22

Indian landfill might be the best place for all of ASOS's unsold and unwanted clothing, ha,ha,ha