By Kiran Stacey and John O’Doherty
Published: October 22 2009 09:18 | Last updated: October 22 2009 17:25
Debenhams has paid off £100m of its debt, but has kept back another £100m from its £323m capital raising in June for acquisitions.
The company made the debt payment on Wednesday, taking its net debt to £590.3m – £403.7m lower than a year ago. But it will retain about a third of this year’s capital raising.
Shop talk: the department store has bought the Principles clothing brand and is looking at further acquisitions
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