A settlement has been reached by ASOS with Assos of Switzerland and Anson’s Herrenhaus of Germany. The matter has resulted in several lawsuits and cases coming to court and has been brought to an end by an agreement in which ASOS will pay £20.2 million in cash in a full, final and global settlement of all outstanding litigation with Assos and Anson’s.
ASOS CEO Nick Beighton commented “We are pleased to have put this litigation behind us. Entering into this settlement at this juncture is the right commercial decision for our business.
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