Asos raises funds as it seeks turnaround after £291m loss

Analysts say still a risk firm could be forced to refinance again if recovery strategy is not successful Business live – latest updatesAsos is raising £80m from shareholders and borrowing £275m from Bantry Bay Capital, the specialist lender which recently bailed out troubled retailers Superdry and Matalan, as it struggles to secure a turnaround after falling nearly £300m into the red.The online fashion specialist said it had raised the funds to give it the “financia