Euler Hermes said to pull cover from clothing suppliers

Euler Hermes has written to some of Debenhams' clothing suppliers saying is no longer willing to provide cover, the Telegraph claims.

The move comes as Debenhams' board decides whether to press ahead with a £200m to £300m equity capital raising.

A Debenhams spokesman played down the tale, saying: "Credit insurance is not an issue for Debenhams in getting stock."

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