Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Debenhams credit insurance cut

Debenhams has had its credit insurance cut by a leading provider.

Insurance provider Atradius has axed the cover it provides to Debenhams’ suppliers.

In July, Debenhams had its credit insurance reduced by several leading suppliers, including Atradius, and it is now reported that the supplier has cut its cover completely.

The news follows reports last week that Topshop owner Arcadia faced having its credit insurance cut by Euler Hermes.

A spokesperson for Debenhams said: “We understand Atradius is reducing cover as a result of repeated press speculation about Debenhams. We are managing this with our suppliers and continue to maintain more than adequate headroom on our facilities.”

Despite the concerns, the business remains profitable, and expects to make a profit of £33m this year. Last week Debenhams unveiled its new location at the Intu Watford shopping centre.


Readers' comments (1)

  • Debenhams' woes mount. Together with breaking news of the sacking of House of Fraser's management by Sports Direct, the need for suppliers and concessionaires to be on guard only increases.
    Stephen Sidkin
    Chair, Fashion Law Group
    Fox Williams LLP

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.