The stock exchange release was issued in response to speculation around a planned fundraise for the business.
UK-based Debenhams Group has confirmed that it is planning a fundraise of around £35 million (~$47.58 million) to ‘create additional liquidity’ and deliver the ‘optimal capital structure’ for the group.
This followed speculation around a planned fundraise for the business.
It expects to speak to its institutional shareholders over the next few days, after which the fundraise will be launched.
The firm’s chief executive officer Dan Finley, its co-founder and executive chairman Mahmud Kamani and non-executive director Iain McDonald all intend to participate in the fundraise.
The company expects to speak to its institutional shareholders over the next few days, after which the fundraise will be launched.
It said it is confident of delivering £50 million in adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) in this fiscal (FY26), which closes on February 28. It also remains confident of double-digit adjusted EBITDA growth in FY27.
The company said its ‘turnaround plan is going apace’ and the decision to move to an increasingly asset-light model driven by the Debenhams brand seems to have been a good one.
Fibre2Fashion News Desk (DS)