Carpetright launches £60m share placing as part of rescue package

Carpetright retail park

Retailer Carpetright has begun a fundraising of £60m as part of a rescue package which also proposes the closure of 92 stores.

Shares in the group rose 11% in early trading after it set out the details of the fundraising, which will see 232,463,221 new ordinary shares issued at a price of 28p per share, a 15% discount to the latest closing price.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now