Asos troubles deepen as lenders fashion balance sheet talks

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Asos troubles deepen as lenders fashion balance sheet talks
Belgique Dernières Nouvelles,Belgique Actualités
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Lenders to the online fashion retailer are lining up AlixPartners and Clifford Chance to advise them as its post-pandemic financial performance deteriorates, Sky News learns.

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Its request for a covenant amendment was designed to ensure"optimal financial flexibility" at a time of economic turmoil, the person added. The intensifying gloom around the UK economy is beginning to have a profound impact on consumer-facing businesses as the threat of soaring mortgage costs, energy prices and other inflationary pressures hurt sectors such as retail and hospitality.

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Belgique Dernières Nouvelles, Belgique Actualités

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