May 16 British online fashion retailer Asos Plc
said on Tuesday a fire at its warehouse outside Berlin
destroyed stock worth about 6.25 million pounds ($8 million).
The company's Eurohub 2 distribution centre had about 7
million items in stock when the fire broke out at 3 a.m. local
time on Tuesday. Two million items were present in the chamber
damaged by the fire.
Asos was fully insured for the loss of stock and any
subsequent business interruption, the company said.
The online retailer has been hit by fire accidents before as
well. Its main distribution centre in the UK at Barnsley caught
fire in 2014, causing 30 million pounds worth of damage. The
Buncefield fuel depot explosion in 2005 had also destroyed one
of its warehouses.
($1 = 0.7760 pounds)
(Reporting by Sanjeeban Sarkar in Bengaluru; Editing by Martina