British sportswear and trend retailer Frasers Group has raised its possession in on-line trend retailer Asos to 25.13% from the earlier 24.21%, as indicated by a inventory change submitting on 21 March 2025.
The transfer re-inforces Frasers Group’s standing because the second-largest stakeholder in Asos, behind solely Denmark-based attire firm Bestseller.
Bestseller, beneath the management of Danish billionaire Anders Holch Povlsen, additionally elevated its holding in Asos to twenty-eight% from 27.1% through its subsidiary Aktieselskabet on 19 March 2025.
Amidst these shareholder developments, Asos has offered an optimistic forecast for its first half (H1) efficiency within the fiscal yr 2025 (FY25).
The corporate forecast a considerable uptick in profitability for this era in its November 2024 replace.
Within the newest buying and selling replace, Asos anticipates that its income for H1 FY25 will align with consensus estimates whereas adjusted earnings earlier than curiosity, taxes, depreciation and amortisation (EBITDA) is projected to develop.
As of 20 March, the consensus compiled by Asos for H1 FY25, primarily based on 9 contributors, is as follows: complete gross sales development at -13%, adjusted EBITDA of £34m and an adjusted EBITDA margin of two.6%.
Asos additionally famous the expansion in gross sales of its personal model at full worth throughout H1 FY25. This success is attributed to its revolutionary “take a look at and react” mannequin which now accounts for greater than 15% of own-brand gross sales and continues to increase.
Asos is poised to launch its monetary outcomes for H1 FY25 on 24 April.
The web retailer, based in 2000, has 20 million energetic clients in additional than 200 markets.
In February 2025, Asos introduced organisational adjustments designed to amplify its concentrate on buyer engagement and speed up development whereas fortifying its place as a world frontrunner in trend e-commerce.
At the beginning of the yr, Asos disclosed the intention to revamp its worldwide distribution community.
This strategic plan contains bolstering its operations within the US to offer extra environment friendly and efficient service to its American market phase.
“Frasers raises Asos stake to 25.13% as H1 FY25 revenue outlook improves” was initially created and revealed by Retail Perception Community, a GlobalData owned model.
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