May 31, 2023 - 16 min
Stay connected with the biggest global stories in business and tech. Presented by Karleen Leveille, every weekday on Curio. In today's episode... The fast fashion industry thrived at the height of the pandemic. So why has Asos fallen £291m into debt? The Guadian explores the factors which led to their poor sales performance, including the return of the high street. Then, as once leading fast fashion retailers have discovered, all good things must end. The Financial Times reports that red is the new green for companies such as Asos as competition grows and consumer demand drops.