Fashion retailer says its costs are rising, including freight, staffing and Brexit duties
Nick Beighton, the chief executive of Asos, is to step down with immediate effect as the online fashion retailer warned that supply chain problems and rising costs will affect its profits.
Asos said Beighton and the board had agreed it was “the right time” for him to go. It said after the departure of Beighton, who has been at the company for 12 years with the past six in the role of chief executive, it will continue to focus on international growth.
