Debenhams secures £200m lifeline with lenders

Debenhams store frontImage copyright

Struggling department store chain Debenhams has agreed a £200m refinancing lifeline with lenders.

It said the deal “provides reassurance for Debenhams’ employees, pension holders, suppliers, lenders and other stakeholders”.

Mike Ashley’s Sports Direct has been has been trying to seize control of Debenhams and install Mr Ashley as chief executive.

The refinancing deal leaves the door open for Sports Direct to make a bid.


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