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ASOS Shares Plummet Amid Loan Covenant Renegotiation Talks
Troubled Fast-Fashion Retailer Faces Uncertain Future
Shares tank as ASOS confirms it is in discussions that may relieve its loan burden.
ASOS, a British online fashion retailer, has confirmed that it is in talks with lenders over changing the terms of a £350 million ($394 million) borrowing facility, and shares have plummeted as a result.
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