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      "text": "The UK, our core operation, delivered a good performance (+7%) supported by our curated offer, differential visual language and strong KPIs. Strong Topshop performance (+105%) reinforcing revenue growth in the UK, US and EU. Clear CEO diagnostic of the issues ASOS faces with strong plans to address. Over the next 12 months ASOS will deliver on four key actions to navigate the current uncertain macroeconomic backdrop focused on: Renewing our commercial model and improving our inventory management; Simplifying and reducing our cost profile; Ensuring a robust and flexible balance sheet; Refreshing our culture and our leadership team. In parallel, we have launched a comprehensive review of ASOS' capital allocation across markets, of our customer acquisition channels, and of our end-to-end operations. We have proactively agreed significant financial flexibility. We expect to make a non-cash stock write-off of c.£100m to £130m, under our new commercial model, to reduce cost and complexity in FY23.",
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