Asos has recently restructured its senior management team (Tim Goode/PA)
(Picture: PA Archive)Troubled fast fashion retailer Asos is to take urgent action to avoid the financial buffers confirming it is in talks about its £350 million credit facility with financial backers and in the “final stages” of agreeing its “future financial covenant”.
The retailer that insisted it had a “strong liquidity position” issues its full year results on Wednesday and has - along with other online and high street fashion retailers - been hit by the ongoing cost of living crisis.
