Online fashion firm Asos has refused to comment on speculation it is being eyed up for a takeover bid, following a surge in its share price last week.
A spokesperson for Asos told just-style today (13 September): “We can’t comment on market speculation.”
A report by Bloomberg last week linked Amazon, Marks & Spencer and Tesco as potential suitors, after Asos shares grew by double figures in the space of two days. The online retailer’s shares rose another 3% on The London Stock Exchange today (13 September).
Asos saw sales grow 54% in the first quarter of the year, with founder Nick Robertson setting his sights on the US this Autumn too.
Last month analysts at Panmure Gordon said that the retailer’s web traffic was already rising in the US, while the company is also launching dedicated sites for the French and German markets.
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