$8 Million Worth of Stock Destroyed in Asos Warehouse Fire

It's not the first time the brand has faced serious losses due to fire.
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Photo: Instagram/@cheeseplusmore

Photo: Instagram/@cheeseplusmore

British fast fashion retailer Asos lost stock worth $8 million in a fire at its warehouse outside of Berlin on Tuesday, according to reports by Reuters.

The Eurohub 2 distribution center caught fire at 3 a.m. local time, and luckily a full evacuation meant that no one was hurt in the fire. While the damage to the stock is significant — two million of the warehouse's seven million pieces were in the chamber of the building that was damaged by the fire — the brand was fully insured for the loss of stock and business interruption the fire inflicted. Luckily, the warehouse's building structure and technology were not affected by the fire, according to a release from the brand. The three chambers of the warehouse that were not damaged by the fire are expected to be up and running later on Tuesday.

It's not the first time Asos has faced fire-related losses. In 2014, it lost 30 million pounds, or about $38.7 million, when its main distribution center in the UK went up in flames. An explosion at the Buncefield fuel depot in 2005 also resulted in the loss of an Asos warehouse.

Asos has not yet responded to Fashionista's request for comment on the incident.

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