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Sports Direct further raises Debenhams stake

Sports Direct has upped its stake in department store chain Debenhams to 18.22%, less than a month after raising it to 17.08%.

It marks the latest in a string of moves to increase Sports Direct’s holding in the retailer.

The sportswear retailer began taking a stake in Debenhams in 2014, sparking speculation regarding owner Mike Ashley’s interest in taking over the high street department store.

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