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BUZZ-ASOS: Off sharply after founder's departure as CEO

Reuters - UK Focus

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** ASOS (LSE: ASC.L - news) down c.3.6 pct & top loser on AIM's retail index after Nick Robertson, the founder of the British online fashion retailer, steps down as CEO after 15 yrs at the helm

** Robertson seen as driving force behind co

** One trader says some fears that Robertson's departure could see him trimming his stake in the company creating an overhang for the stock

** ASOS issued three profit warnings last year due to currency swings and higher investment needs

** Co says Robertson will be replaced at the top by current COO Nick Beighton

** Stock up 16 pct YTD against c.11 pct gain in wider FTSE AIM Retail index (RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net; RM: alasdair.pal.thomsonreuters.com@reuters.net)