Asos: stock falls after CEO quits

(CercleFinance.com) - The Asos stock is down over 6% on Monday after the announcement of the departure of online ready-to-wear site CEO, Nick Beighton.


At 10 am (London time), the share had fallen 6.8%, weighing on the decline in European stock markets, even reaching an all-time low. Asos have now fallen by more than 50% over the last three months.

The online retailer announced Monday that its Mr Beighton would step down, after 12 years with the company and six years at its helm.


Copyright (c) 2021 CercleFinance.com. All rights reserved.