Debenhams on brink of securing £200m funding lifeline

Debenhams Sports Direct

Debenhams is on the verge of securing a £200m funding lifeline from lenders that would position the ailing department store chain to evade the clutches of Mike Ashley, its ‎biggest shareholder.

Sky News has learnt that Debenhams could announce as soon as Friday that it is close to finalising larger-than-expected ‎borrowing facilities as it seeks to shore up its finances.

Read the full story on Sky News.