The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — Danish fashion firm Bestseller United, the biggest investor in ASOS, the fast-growing British online fashion retailer, said on Thursday it would reduce its holding by selling a 2.4 percent stake in the firm.
Aktieselskabet, a unit of Bestseller, said it intended to sell about 2 million ASOS shares through a placing run by Numis Securities.
Bestseller said it had no intention to see its position in ASOS fall below 25 percent in the long term. Before the sale it owned 29.4 percent of the company according to Thomson Reuters data.
Shares in ASOS were down 5.2 percent at 5,675 pence at 0718 GMT.
By James Davey; editor: Sarah Young.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.