Retail chain again attempts to raise several hundred million through rights issue

DSGi looks to spark multi-million pound funding

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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