Asos shares plunge as it confirms talks with lenders over borrowing

Online fashion retailer says it is in 'final stages' of agreeing new terms for £350m loan facility 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 flexibility in tough times. In a statement, the online clothing retailer said it was in the "final stages" of agreeing changes to its financial covenants for its revolving credit facility, giving it "significantly increased financia...