ASOS founder Nick Robertson to step down

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Nick Robertson, co-founder of the UK’s largest online-only fashion retailer ASOS, has announced his departure from the brand after 15 years.

No overarching reason has been given for his decision, but he will remain in the company as a non-executive director, according to a statement.

The site’s Chief Operating Officer Nick Beighton, who joined the company back in 2009, will now step into the role of CEO.

Under the management of Robertson, ASOS.com blossomed from a fashion startup to a leading retailer with annual sales of around £1billion, earning him the Order of the British Empire in 2011.

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