Asos share price leaps after report of £1bn takeover bid

Asos‘s share price jumped 11.8 per cent this morning after a report emerged yesterday that the struggling retail chain received a £1bn takeover bid from a Turkish retailer backed by Chinese e-commerce giant Alibaba.  Trendyol, an up-and-coming fast fashion retailer, was understood to have approached Asos in late December, according to a report in The [...]