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Yes, that’s true and it’s happened incredibly swiftly as well. I think that amongst that rubble, there might be some opportunity but I guess we’ll find that out. I know that in your role at Ann Summers, you still come into contact with ASOS quite a lot; are they one of your bigger channels?

They are my biggest third-party partner and they are absolutely killing my third-party business at the moment. They are not taking any deliveries. I think we released some last week. I think part of their problem is that they phased all of our stock back. We do pre-orders with them; they book stock with us and we book that with our supplier. It comes in at the same time as my stock comes in for my own channels. What we are finding with ASOS is that they have phased all the stock back so they are not taking it in. When I was there, one of the things I was adamant about is that I needed stock so that when the third-party brand went live with it, I was live with it as well. I want to be first to market. Now, they are at least three months behind me. I have stockpiles now that they won’t even take in from me for another three months. They’ve even phased some stock until next season.

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