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Evening Standard
Evening Standard
Henry Saker-Clark

Debenhams plans to raise £35m to drive turnaround and cut debt

It is the latest move in an increasingly bitter row between Debenhams and Mike Ashley’s Frasers Group, which owns an almost 29% stake in Debenhams (Alamy/PA) -

The owner of Boohoo and Debenhams is planning to raise £35 million to help accelerate its turnaround plans and cut debts.

Debenhams Group, which was renamed from Boohoo last year, said it has been preparing for an equity fundraiser to give the business extra liquidity.

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