Asos Shares Plummet Amidst Loan Covenant Renegotiation Talks

Troubled Fast-Fashion Retailer Faces Uncertain Future

Shares tank as ASOS confirms it is in discussions.

Shares in the fast-fashion firm Asos have plunged after it confirmed it is in talks with lenders over changing the terms of a 350m borrowing facility to give it more financial flexibility. The news sent shockwaves through the market, with shares falling by as much as 20% in early trading.

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