Debenhams gets cash injection
News
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Oct 2019
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Debenhams has landed a secured £50 million deal with some of its current lenders on largely the same terms as the £200 million loan it negotiated back in the spring. The company has the means to get products onto shelves and to market them to customers effectively right in time for the holidays season, which should be the biggest shopping season of the year.
The ability to order stock and for suppliers to feel confident that they'll be paid for what they supply is crucial for any retailer and having overflowing real or virtual shelves is key in grabbing consumer interest.
