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Debenhams Plans £35m Equity Fundraise to Boost Liquidity
Debenhams Group aims to boost liquidity and reduce debts through a £35 million equity raise while cutting property costs and pursuing an asset-lite business model.
- Last month, Debenhams Group said it plans to raise 35 million pounds to accelerate its turnaround and cut debts, maintaining its targets after an upgrade.
- The group is shifting strategy toward asset‑light operations, exploring sales of non‑core assets, supply‑chain partnerships, and IP licensing as directors cite confidence for full‑year 2026 and full‑year 2027.
- Senior figures will back the fundraising, with Mahmud Kamani, Dan Finley and Iain McDonald set to participate as Debenhams Group remains on track for adjusted profits to February.
- Property and spending cuts are set to lower ongoing costs, with lease costs expected to fall by a further 6 million when a vacant US property lease expires, and capital expenditure will be reduced.
- In advanced discussions with its lending syndicate, Debenhams Group halted plans to sell PrettyLittleThing last month, seeking more financial flexibility.
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Debenhams Group shares plunged 10% after the fashion retailer, formerly Boohoo Group, confirmed plans
·London, United Kingdom
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Debenhams Group to launch funding round as part of turnaround plan
Debenhams Group has confirmed plans for an approximately £35 million equity raise after being forced to respond to market speculation about a possible funding round. The AIM-listed online fashion platform, formerly known as Boohoo Group, said the proceeds would bolster liquidity and reshape its balance sheet, with the board targeting a net debt-to-adjusted EBITDA ratio […] The post Debenhams Group to launch funding round as part of turnaround pl…
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Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
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40% Center
L 40%
C 40%
R 20%
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