Boohoo in Talks on £175 Million Debt Package, Telegraph Says
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Boohoo Group Plc, which recently rebranded itself as Debenhams Group, is in talks about a debt package of as much as £175 million ($232 million), the Telegraph reported Saturday.
The discussions come as the British fast-fashion retailer faces a new financial squeeze amid tensions with Mike Ashley’s Frasers Group Plc, which owns just over 29% of the company and previously attempted to remove its executive chairman.