ASOS PLC ASOS settles trade mark disputes (7660I)
September 02 2016 - 2:00AM
UK Regulatory
TIDMASC
RNS Number : 7660I
ASOS PLC
02 September 2016
2 September 2016
ASOS plc
ASOS settles trade mark disputes
The Board of ASOS Plc ("ASOS") announces that it has reached a
global settlement regarding trade mark infringement disputes with
high-performance cycle wear manufacturer Assos of Switzerland GmbH
("Assos"), and German menswear retailer, Anson's Herrenhaus KG
("Anson's"). The disputes have resulted in several cases being
heard in court, as well as multiple trade mark registry actions
around the world.
Agreements have been entered into whereby ASOS is to pay a total
of GBP20.2 million in cash, in a full, final and global settlement
of all outstanding litigation with each of Assos and Anson's,
securing a comprehensive co-existence for all parties.
The payment will be reported as an exceptional item at the year
end.
Nick Beighton, CEO, 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."
Management will host the following conference call to discuss
the announcement:
Analyst/investor conference call at 08:00am:
Dial-in UK: 0800 694 0257
+44 (0)1452 555
Dial-in International: 566
Conference ID: 75436735
For further information:
ASOS plc Tel: 020 7756 1000
Nick Beighton, Chief Executive Officer
Helen Ashton, Chief Financial Officer
Greg Feehely, Director of Investor Relations
Website: www.asosplc.com/investors
Instinctif Partners Tel: 020 7457 2020
Matthew Smallwood / Justine Warren / Guy
Scarborough
JPMorgan Cazenove Tel: 020 7742 4000
Michael Wentworth-Stanley / Caroline Thomlinson
Numis Securities Tel: 020 7260 1000
Alex Ham / Luke Bordewich
Background note
ASOS is a global fashion destination for 20-somethings. We sell
cutting-edge fashion and offer a wide variety of fashion-related
content, making ASOS.com the hub of a thriving fashion community.
We sell over 85,000 branded and own-brand products through
localised mobile and web experiences, delivering from our
fulfilment centres in the UK, US and Europe to almost every country
in the world.
We tailor the mix of own-label, global and local brands sold
through each of our eight local language websites: UK, US, France,
Germany, Spain, Italy, Australia, and Russia.
ASOS's websites attracted 123 million visits during June 2016
(June 2015: 98 million) and as at 30 June 2016 had 12.0 million
active customers(1) (30 June 2015: 9.7 million), of which 4.6
million were located in the UK and 7.4 million were located in our
international territories (30 June 2015: 3.8 million in the UK and
5.9 million internationally).
(1) Defined as having shopped in the last twelve months
www.asos.com
www.us.asos.com
www.asos.de
www.asos.fr
www.asos.com/au
www.asos.it
www.asos.es
www.asos.com/ru
m.asos.com
marketplace.asos.com
likes.asos.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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