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“Seminal moment” for UK retail as Asos poised to overtake M&S

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Asos is poised to overtake high street bellwether Marks & Spencer in market value, representing a “seminal moment” for UK retail and taking the crown as the UK’s most valuable retailer. Analysts have highlighted that the online fashion retailer’s value is the closest to M&S as it has ever been, and have likened its financial ascension alongside M&S’s steady decline as a “Tesla moment”, representing a major shift in the industry. “The valuation gap between the two businesses is the smallest it has ever been and we believe that it will not be long before Asos has a greater market value than M&S,” Cantor Fitzgerald’s retail analyst Mark Photiades told The Times

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“Seminal moment” for UK retail as Asos poised to overtake M&S

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