Asos CEO Nick Beighton raises stake after successful Christmas

Asos has informed almost all of its employees on fixed-term contracts that it will be ending their agreements early, due to the coronavirus outbreak according to Drapers. All Asos staff, including head office and other business functions have been given notice.
All Asos staff affected have been given notice.
// Asos CEO Nick Beighton increased stake after successful Christmas period
// Asos’ total revenue rose to £1.11 billion in the four months to December 31
// Beighton purchased 1629 shares in Asos for just over £49,800 after the report

Asos group chief executive Nick Beighton has increased his stake in the company after it reported a strong Christmas trading period.

Despite disappointing first-half results in March and a profit warning in July, Asos’ total revenue, including revenues from third parties, rose to £1.11 billion in the four months to December 31.

Revenue growth came in comfortably ahead of expectations at 20 per cent, driven primarily by a strong Black Friday weekend.


Following the trading report, Beighton purchased 1629 shares in the fast-fashion retailer for just over £49,800.

He now holds 174,128 shares in the company, equivalent to 0.2 per cent of the group’s shares in issue.

Beighton, who was promoted to chief executive in 2015, joined Asos in 2009 as finance director, before serving as value fashion retailer Matalan’s head of finance.

While Asos has attracted investors in the past, its share price has fallen considerably from the 7500p-plus highs since early 2018, and while its business continues to grow, it has fallen behind the likes of Boohoo, whose owners Mahmud Kamani and Carol Kane sold 50 million shares worth £142.5 million in cash after the retailer’s stock price hit a record high of 315.5p in December.

The founders shares were placed at 285p and sold to institutional investors in a move that raised £99.75 million for Kamani and £42.75 million for Kane.

Click here to sign up to Retail Gazette‘s free daily email newsletter


  1. I’m not surprised Asos had a good Christmas, when they withhold customers money for 2 months, when you have proof of parcel collection from their designated carrier, Hermes! Only refunded after claims court action threatened. Disgraceful and needs looking into on a wider scale.


Please enter your comment!
Please enter your name here