UK's ASOS rises on sale of Lichfield centre for nearly $90 million

Marks and Spencer

11/05/2026 08:22

** Shares of British online retailer ASOS ASOS.L up 10.6% at 240.5p

** Co says it will sell its Lichfield fulfillment center to Marks and Spencer MKS.L for 66 million pounds ($89.70 million), as the British retailer looks to simplify operations and dispose of non-core assets.

** ASOS expects the sale to generate a one-off pre-tax profit of 85 million pounds and annual cash cost savings of 6 million pounds

** YTD, stock has fallen ~23%

($1 = 0.7358 pounds)

 (Reporting by Tuhina in Bengaluru)

 ((Tuhina@thomsonreuters.com))