Debenhams looks to raise £200m

By Frances Ivens2019-03-22T16:45:00

Debenhams’ share price plummeted 61% after it announced it is looking to raise £200m from its existing investors.

The struggling retailer gave investors until Thursday to approve its cash call, which will form a new credit facility, as it continues to fight off approaches from Mike Ashley’s Sports Direct.

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Try Property Week For Free to finish this article.

Unlimited access to Property Week
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue