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ASOS founder in £1m new venture

Article Date:  Apr 04 2005

Two former directors of online clothes retailer ASOS, which saw its shares soar 1,500 per cent from 5p to 85p last year, plan to float their current venture on AIM in the next month.

Quentin Griffiths, who was marketing director at AIM-quoted ASOS, and John Morgan, finance director until last September, are looking to pull in £1 million for e-retail, a consultancy advising fledgling online retailers, which will also consider taking equity stakes in clients.

Griffiths wants to use the experience gained in launching ASOS to assist young ‘e-tailers needing £100,000 or so to get into profit.’ He founded ASOS alongside chief executive Nick Robertson.

Since leaving ASOS last summer, Griffiths has also set up YourSchoolUniform.com, which allows parents to buy school uniforms cheaply online, and AfterTheClub.co.uk, which aims to re-unite people who have met on the dance floor of nightclubs across the UK.

Broker SP Angel is conducting the fundraising for e-retail.

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