Lichfield Fulfilment Centre Disposal Completion

Summary by AI BETAClose X

ASOS Plc has completed the disposal of its Lichfield fulfilment centre to Marks & Spencer Plc for a total cash consideration of £67.5 million, with net sales proceeds expected to be at least £66 million. This transaction is anticipated to generate a one-off profit before tax of approximately £85 million after adjustments for associated property liabilities, with the proceeds to be reflected in the Company's FY26 financial statements.

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