Sports Direct increases stake in US retailer - sportstextiles: Lea SportsTextiles

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Sports Direct increases stake in US retailer

08/06/2017
Sports retail group Sports Direct has increased its stake in US sports apparel retailer Finish Line to 17.4%, just a few months after its first investment in the company.

According to a filing from the US Securities and Exchange Commission, Sports Direct now owns more than seven million Finish Line shares. 

Sports Direct’s interest in the US-based retailer first came to light in April when it snapped up a 7.9% stake. 

At the time, some analysts speculated that the decision was the start of Sports Direct’s attempt to complete a full take-over of the retailer and this latest move would seem to support that theory. 

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