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.
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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