In a surprising move, Turkish online retailer Trendyol, backed by Chinese giant Alibaba, has submitted a takeover bid worth £1 billion for UK-based online fashion retailer ASOS. The offer, made in December of last year, values ASOS at £10 to £12 per share, significantly higher than its recent closing price of £3.50. According to reports…
Tag: ASOS plc
ASOS plc
ASOS plc (/ˈeɪsɒs/ AY-soss) is a British online fashion and cosmetic retailer. The company was founded in 2000 in London, primarily aimed at young adults. The website sells over 850 brands as well as its own range of clothing and accessories, and ships to all 196 countries from fulfilment centres in the UK, US and…