World Footwear

Companies

Sports Direct ups its stake in Debenhams

Apr 4, 2017 United Kingdom
Sports Direct ups its stake in Debenhams
One of the largest sports-goods retailer in the UK has just made a strategic investment in the department store giant
With this new investment Sports Direct has upped its interest in Debenhams stock from 13.38% to 16.09%.

The shares were not purchased outright, instead Sports Direct has “options in stock” which allows it to buy share at a future date.

The Sports Direct Group has a portfolio of roughly 400 stores across the UK and some presence in Europe while Debenhams has more than 240 outlets worldwide.


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