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Sports Direct ups stake in Debenhams

Sports Direct has upped its stake in department store chain Debenhams to 19.1%.

The move comes weeks after Sports Direct increased its skate to 18.2% and marks the latest in a string of moves to increase its holding in the retailer.

The sportswear giant first took 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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