Littlewoods and Very.co.uk group Shop Direct has secured a £75m equity injection from its owners to help cover its PPI bill.
The group's auditors warned last month Shop Direct could collapse unless it secured an extra £150m in funding to meet soaring costs of payment protection insurance mis-selling claims.
Shop Direct said its owners the Barclay brothers had pledged the full £150m, with £75m set to be pumped in by the end of November.
But it added: "We are continuing to work with our financial advisers to evaluate alternative financing options for the £75m that will initially remain undrawn."
The Barclay brothers are reviewing all of their business empire, including the group that publishes the Daily Telegraph and Sunday Telegraph newspapers.