Asos moves to London’s main market after 20 years on Aim

Mr Dunn added: “Our listing on Goal for the past twenty several years has been an important part of Asos’s enhancement, but the time is now ideal to go to the main market.”

Nick Beighton, the former main executive who remaining abruptly in Oct amid a income warning, experienced earlier demonstrated minor enthusiasm for such a shake-up. 

In a trading update, Mr Dunn also explained income remained down below pre-pandemic amounts but were being better than final calendar year when Covid restrictions were being in power.

Revenues rose by just 2pc to £1.4bn in the fourth months to December 31 and profits took a hit as Asos was compelled to devote far more on wages, delivery and discounting. 

It has improved wages for warehouse workers once again and was compelled to air freight far more inventory as global supply chain bottlenecks continued to influence delivery routes.

Soaring costs also intended Asos experienced to maximize costs by the “low to mid-one digits”.

Gross sales of dresses and other night have on enhanced compared with 2020 but returns jumped in excess of the Xmas interval as parties were being cancelled.

Mr Dunn explained income experienced however not recovered to pre-pandemic amounts but he felt far more self-confident about 2022, even with the danger of inflation and increasing strength charges to customer investing.

He claimed consumers experienced saved dollars all through the pandemic and would prioritise outfits in excess of other buys as thanks to numerous possessing not bought numerous new outfits all through the interval of restrictions.

Investing was “nowhere close to again to where it was pre-pandemic”, Mr Dunn explained.

Fundamental once-a-year profits were being anticipated to increase by involving 10pc and 15pc to involving £110m and £140m.