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Published
Sep 2, 2016
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Asos pays £20 million to settle dispute with Assos

Published
Sep 2, 2016

Online retailer Asos has agreed to pay £20.2 million to Swiss high-performance cycle wear manufacturer Assos and German menswear retailer, Anson's Herrenhaus to settle trademark disputes.


Asos.com


The UK company said on Friday the payment is “full, final and global settlement” of all litigations and that it will secure a “comprehensive co-existence for all parties”. 

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."

The settlement puts an end to six years of infringement claims from both Assos and Anson's Herrenhaus.

Asos said the payment will be reported as an exceptional item in its full year results.

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