Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Debenhams Paves Way for New Loan From Lenders in Blow to Ashley

Sourcing Summit NY — Join us on Oct. 17 for the must-attend apparel supply chain conference.

Debenhams Plc asked bondholders to approve further lending from its secured creditors, rebuffing attempts by billionaire Mike Ashley to provide his own money to the struggling retailer. The U.K. department store chain started a process on Friday to get bondholder approval for as much as 200 million pounds ($262 million) of new lending from a…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!