Fashion retailer Asos says CFO Mathew Dunn to join board next week

Asos distribution centre near Barnsley, South Yorkshire. Pic: Rui Vieira/PA Wire
Asos distribution centre near Barnsley, South Yorkshire. Pic: Rui Vieira/PA Wire
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Online fashion retailer Asos has confirmed that new chief financial officer Mathew Dunn will join the company’s board from April 23.

Last week Asos announced that its half-year profits took a tumble as expansion costs and heavy discounting weighed on its performance.

It saw pre-tax profits crash 87per cent to £4m, which it blamed on “temporary transition costs” linked to its warehouses in Europe and Atlanta.

In the US, Asos was hit by staffing issues, resulting in a backlog of orders, while in Europe the group is automating its warehouse in Berlin.

Sales grew 14 per cent in the six months to February 28.