1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Sports Direct extends shares bet on Debenhams

Discussion in 'Market News' started by Lily, May 12, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Mike Ashley-owned sports retailer reiterates plan to be supportive shareholder of department store business after 2015 deal for 10% of shares

    Sports Direct, controlled by billionaire Mike Ashley, has extended its bet on Debenhams by a year and reiterated that it would be a supportive shareholder in the department store chain.

    The sportswear retailer agreed a so-called put-option deal with Goldman Sachs over a 10.5% stake in Debenhams in January 2015. It announced this morning that the agreement had been extended by one year.

    Continue reading...

Share This Page