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Sports Direct ups its stake in Debenhams

Sports Direct has raised its stake in Debenhams to 17.08%, the latest in a series of increases.

Before today’s increase, Mike Ashley’s retailer held a 16.09% stake in the department store chain.

Sports Direct began taking a stake in Debenhams in 2014, fuelling speculation of a takeover bid. The sportswear retailer has several concessions in Debenhams stores across the UK.

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