Department store chain Debenhams revealed it has signed off a new £50 million loan facility with some of its existing lenders to help the company get through the busy Christmas period.

Chief executive Stefaan Vansteenkiste said: "We are delighted that our investor consortium have reaffirmed their commitment to the business by making available additional financing support for our peak trading period.

"We are in a strong position to continue to invest in marketing and new product initiatives as we prepare for the important Christmas season."

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The retailer added the extra cash is on the same terms as a £200 million loan facility announced in March this year.

Shareholders in Greene King have overwhelmingly backed a £2.7 billion deal for Hong Kong's richest family to take over the London-listed brewer and pub owner.

Investors holding 99% of the shares in Greene King voted for the bid at a meeting on Wednesday.

The deal, which offered a 51% premium on the share price on August 16, transfers ownership to Cayman Islands-based CK Bidco.

The firm is controlled by CKA Group, chaired by Victor Li, the son of Hong Kong billionaire Li Ka-shing.

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Shareholders in CKA voted through the deal ahead of the Greene King meeting on Wednesday.

The chain employs 38,000 staff across its 2,700 pubs, restaurants and hotels in the UK.

B&Q owner Kingfisher has hired Bernard Bot as its new finance chief amid a refresh at the top of the DIY group.

Mr Bot joins from global technology platform Travelport Worldwide, where he has acted as chief financial officer (CFO) and executive vice-president since 2016.

He will start in the post at Kingfisher on October 21, replacing interim chief financial officer John Wartig, who will take on the newly created role of chief transformation and development officer.
The appointment comes less than a month after new chief executive Thierry Garnier took the reins from former boss Veronique Laury.