Is ASOS about to be bought by eBay?
ASOS shares – which depressingly dropped by 60% this year – are up 7% this week as reported by The Independent. After experiencing a major warehouse fire in June, things have been a little hairy for the British digital fashion shop, but according to reports, American buyers are now circling.
It is well known that eBay aims to reposition itself as a standalone retailer – and has been working tirelessly to achieve this over the last few months. For sure, if the rumours are true, the acquisition of one of Britain's most iconic eCommerce sites would further assert the extensive rebranding.