ASOS Anticipates Stronger Profitability
ASOS is optimistic about its profitability for the first half of the year. The company expects to exceed market expectations despite facing volume deleverage. This positive outlook signals a potential turnaround for the fashion giant.
Additionally, Danish businessman Anders Holch Povlsen has increased his stake in the company, indicating strong investor confidence. This move has raised hopes for a successful turnaround in ASOS’s performance.
