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Asos Plunges as Profit Warning Raises Pressure on CEO Beighton

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Asos Plc plunged after the online fashion retailer warned that earnings will slump this year, putting pressure on Chief Executive Officer Nick Beighton as he tries to fix distribution issues and prop up a falling stock price. Profit before tax may fall as much as 71%, Asos forecast Thursday. Shifting to new technology at U.S….

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