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British fashion retailer Debenhams has confirmed plans for a £35 million equity fundraise aimed at boosting liquidity and reducing its net debt. The company said the financing is intended to strengthen its balance sheet as it continues to operate across fashion and lifestyle categories. Debenhams is part of Boohoo Group plc’s brand portfolio, alongside boohoo, boohooMAN, PrettyLittleThing and Karen Millen, with Debenhams described as an online department store. Its label range includes Nasty Gal, MissPap, Coast, Oasis, Warehouse, Burton Menswear, Dorothy Perkins and Wallis, serving customers in the UK and internationally.
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