Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Asos Names Sean Glithero as Interim Finance Chief

Asos website.
Asos names Glithero as interim finance chief. (Shutterstock)

British fashion retailer Asos on Friday named Sean Glithero as interim finance chief to help drive its turnaround plan, succeeding Katy Mecklenburgh who leaves in May.

Asos said Glithero, who has previously had roles at Auto Trader, Funding Circle and MatchesFashion, has already joined the company.

The group, the one-time British poster child for the shift to online fashion retailing, said in October it would overhaul its business model after the economic crunch and a string of operational problems hammered its profits. Its shares are down 57 percent over the last year.

It said on Friday it has taken action to simplify decision-making processes and build a stronger leadership team, with 75 percent of the roles in a new 12-person team filled.

ADVERTISEMENT

Asos, which last month reported a fall in Christmas sales, also said it will report interim results on May 10.

By James Davey; Editors: Kate Holton and Jason Neely

Learn more:

Can Asos Handle Fast Fashion’s Headwinds?

The abrupt departure of the fast fashion e-tailer’s CEO alongside a warning that profits could fall sharply this year have raised the stakes for the company’s strategy update.

In This Article
Topics
Organisations

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Retail
Analysis and advice from the front lines of the retail transformation.

What a Fashion Company Is Worth Today

In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.


What’s the Plan at H&M?

The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
BoF Professional - How to Turn Data Into Meaningful Customer Connections
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional - How to Turn Data Into Meaningful Customer Connections