Online retailer ASOS's sales hit by coronavirus, raises funds to weather storm
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LONDON (Reuters) - Online fashion retailer ASOS said demand had been hit by lockdown measures introduced to combat the spread of the coronavirus, with sales falling 20-25% in the last three weeks.The British company said it would strengthen its finances to help weather the disruption, including a placing of new shares representing up to 18.8% of its existing equity, and extending its revolving credit facility by 60-80 million pounds ($74-$99 million).It announced the measures alongside results..