ASOS Shares Slide on Profit Warning, Chief Executive Exits

Fast fashion firm warned on profit in the year ahead due to cost pressures and announced the departure of its chief executive

Alliance News 11 October, 2021 | 3:02PM
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Asos

ASOS (ASC) on Monday revealed chief executive Nick Beighton will leave the online clothing retailer as part of a board shake-up, with the firm's annual results also showing a profit hike.

However, the fast fashion firm warned on profit in the year ahead due to cost pressures, the falling away of Covid-19-related tailwinds and supply chain issues.

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