Asos to raise £500m to bolster expansion war chest
Asos has launched a bid to raise £500m to spearhead its global expansion drive.
The fast-fashion etailer revealed its plans to offer a tranche of convertible bonds after markets closed yesterday.
Asos said the issuing of the bonds would provide it with “additional flexibility to continue to invest” in its global growth strategy, while also helping the business refinance its February acquisition of Arcadia brands including Topshop.
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