News
DSGi looks to spark multi-million pound funding
Andrew Wooden Apr 6 2009, 10:53am
Retail chain again attempts to raise several hundred million through rights issue
DSGi is reportedly looking to raise several hundred million pounds through a rights issue, which would be the second attempt this year.
An investor told the Financial Times: "It will be easier to (raise money) now than it was two months ago.
There is a greater degree of optimism and the company might be wise to get on with it."
CEO John Browett is expected to give a statement on the firm's operations after the firm's financial year end, which will go some way to decided the success of the proposed rights issue.
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