March 21, 2018 / 7:49 AM / a month ago

Troubled UK retailer Carpetright to raise capital, sell stake to key investor

March 21 (Reuters) - British retailer Carpetright has agreed a loan with a shareholder in exchange for new shares to fund the short term running of the company, and may raise a further 60 million pounds ($84.15 million) to strengthen its balance sheet, it said on Wednesday.

Carpetright, which has issued a series of profit-warnings because of tepid high-street spending, said it would also look to reduce its property portfolio. It has agreed the loan with shareholder Meditor. ($1 = 0.7130 pounds) (Reporting by Elisabeth O’Leary; Editing by Kate Holton)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below