Fashion giant suffers shocking fall amid surprising industry trends: ‘It’s changed the market’
Asos lost its position on Britain’s FTSE 250 stock index this week, with the online retailer now valued at £320 million after previously reaching a valuation of over £5 billion, the Guardian reported. The company and its rival Boohoo saw sales surge when lockdowns kept customers at home in 2020 and 2021. Management teams at…