ASOS, the online fashion retailer, has drafted in a leading company doctor amid pressure from its lenders about the state of its balance sheet.
Sky News has learnt that Scott Millar, a senior managing director at the professional services firm Ankura, has been appointed by ASOS to join its finance department.
A source close to the company said Mr Millar would become interim director of finance projects, though several insiders suggested on Thursday that he would play a significant role as it seeks to strengthen its financial position.
A former chief restructuring officer at Interserve, the outsourcing giant that collapsed into administration in 2019, Mr Millar has worked at a number of leading insolvency practitioners.
Among his former employers was AlixPartners, which has been advising ASOS’s lenders on their exposure to the company in recent months.
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