We use first party and third-party Cookies to help us understand Website usage and to improve the content and offerings and to provide you advertising, analytics and other purposes related to your navigation habits. If you continue scrolling, we consider you accept the policy. You can read more about our cookie policy.


The global fashion business journal

Nov 13, 201910:53pm

Bestseller sells 2.4% stake in Asos

The Danish fashion group, investor of the British ecommerce group through its business unit Aktieselskabet, intends to divest about two million shares through a placement brokered by Numis Securities.

Sep 27, 2018 — 8:33pm
MDS
Save

Bestseller sells 2.4% stake in Asos

 

 

Bestseller divests in Asos. The Danish group, shareholder of the ecommerce platform through its unit Aktieselskabet, plans to divest about two million shares of the British company, equivalent to 2.4% stake.

 

Currently, Aktieselskabet holds a 29.4% stake in Asos, after raising its number of shares in March 2017. Now, Bestseller will sell two million shares through a placing run by Numis Securities, according to Reuters. In any case, Bestseller indicated that doesn’t expect to reduce its stake below 25% in the long term.

 

Asos ended the first ten months of the fiscal year (period ended June 30) with a 25% increase in sales. The company increased its revenues in all the regions where it operates, with the European Union being the territory in which the turnover increased the most, up to 1.98 billion pounds (2.24 billion euros).

Advertising
Comment
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...