THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Carpetright secures £15m interim funding

Carpetright has secured a £15 million unsecured loan from Meditor European Master Fund to provide interim funding for short-term working capital ahead of its proposed £60 million equity capital raising.

HOME & DIY

Carpetright secures £15m interim funding

Carpetright has secured a £15 million unsecured loan from Meditor European Master Fund to provide interim funding for short-term working capital ahead of its proposed £60 million equity capital raising.

This is the second loan that Meditor has provided to the struggling carpet and flooring retailer following a £12.5 million unsecured loan in March.

Carpetright is expected to launch its equity capital raising on or around 18 May.

The move follows last month’s approval of a company voluntary arrangement for the retailer that will see it close over 80 stores as it looks to restructure its business.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy