UK's Debenhams slides after equity fundraise plan

Boohoo

17/02/2026 08:18

** Shares of British retailer Debenhams DEBS.L fall 7.8% to 20.75 p

** Company preparing for equity fundraise of about 35 million pounds ($47.47 million)

** CEO Dan Finley, co-founder Mahmud Kamani, and director Iain McDonald plan to participate in share sale at 20 pence per share

** In advanced talks with its lending syndicate to secure additional financial flexibility

** YTD, stock had fallen 3.2%

($1 = 0.7372 pounds)

 (Reporting by Tuhina in Bengaluru)

 ((tuhina@thomsonreuters.com))