Debenhams seeks £50m to ease Christmas trading period

Retailer has £200m lifeline from rescue package and is close to announcing new chief

Debenhams is lining up a £50m cash buffer from its lenders as it braces for a difficult Christmas trading period.

The ailing department store, which is owned by a consortium of banks and hedge funds after falling into administration in April, is lining up the funds in addition to a £200m lifeline put up as part of a rescue restructuring completed in May.

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