Asos returns to profit as cyber attack fallout ‘not a big thing’ Retail Asos has returned to profit after the cyber attack that rocked the fast-fashion seller last month, as its boss insisted the impact of the incident was “not a big thing”. The London-listed retailer said its decision to pause some marketing and customer-related activity in the aftermath of the incident resulted in a “short-term disruption” to [...]
Asos hackers claim responsibility for Air France-KLM data breach Retail The group behind the hack of fast-fashion retailer Asos have claimed responsibility for a data breach of airline group Air France-KLM, City AM can reveal. The individuals who claimed responsibility for the Asos data breach, who call themselves Xuanye Group, last week circulated data which they claimed was obtained from the airline group. Air France-KLM [...]
Asos hackers duped employee in data breach Retail The hackers behind a threat to leak Asos customer data duped an employee by posing as a “trusted contact,” the fast-fashion group has said. An unknown group shocked Asos’ millions of customers on Tuesday when they published a push notification on the online retailer’s app, claiming to have hacked into the company and threatening a [...]
Inside Celonis, the German tech unicorn that won over a fifth of the FTSE 100 June 1, 2026 For a company valued at more than $13bn (£9.58bn), Celonis remains relatively unknown in Britain. Founded in Munich in 2011, the software company has become one of Europe’s most valuable private tech firms, with customers including AstraZeneca, ASOS, BMW and the UK Cabinet Office. The UK has become one of its three largest markets globally. [...]
FTSE 100 Live: Stocks slump as oil rises; Reeves tax hikes trigger borrowing boost April 23, 2026 Good morning and welcome back to the City AM liveblog. An extended ceasefire may have been announced in the Middle East, but its left markets with major appetite for further peace before investor sentiment recovers. Brent crude – the international benchmark for oil prices – was trading back over the $100 mark on Thursday morning. [...]
Topshop and Topman losses revealed before John Lewis move October 7, 2025 Losses at the joint venture behind Topshop and Topman have been revealed ahead of the brand’s return to UK stores next year. The brands were sold by online clothing retailer Asos to a joint venture alongside Danish retail tycoon Anders Holch Povlsen’s Heartland in September 2024. Asos had previously acquired Topshop and Topman along with [...]
Mike Ashley’s investments double to £1bn thanks to Hugo Boss shares July 17, 2025 The total value of the stakes Mike Ashley’s empire holds in the likes of Hugo Boss, AO World and Boohoo have doubled to £1bn in just over a year, it has been revealed. According to the group’s latest financial results, which have been filed with the London Stock Exchange, the value of its investments in [...]
Asos and Boohoo stick to US closures despite Trump tariffs April 8, 2025 Asos is to continue with its plan to close its distribution centre in Georgia, USA, and serve the country from Yorkshire despite the imposition of President Donald Trump’s tariffs. At the start of the year, the fast-fashion group announced plans to close its US base in another effort to boost profitability and streamline operations. The [...]
Cycling brand ASSOS of Switzerland hits Asos with legal action November 12, 2024 Premium cycling brand ASSOS of Switzerland has launched legal action to a British court against UK fast fashion giant Asos, City AM can reveal.