Retailer ASOS shores up finances as coronavirus hits sales

LONDON (Reuters) - British online fashion retailer ASOS Plc said on Tuesday it was raising equity and extending debt facilities to shore up its finances in case of a prolonged business downturn from the coronavirus pandemic.The group, which sells fashion aimed at 20-somethings, has kept going during the national lockdown in line with UK government guidance for online retailers.Still, sales have plummeted 20-25% in the last three weeks.To help weather the disruption it is placing new shares..