SHARE

Danish billionaire increases stake as Asos expects to beat City expectations

Anders Holch has upped his stake in the online fashion retailer to 28% as Asos reported improved profitability in the first half ahead of its interim results. It has forecast earnings ahead of the City consensus of £34m compared to a £16.3m loss last year.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.