Sports Direct to open two concessions in Debenhams’ stores

The Guildford store operation is set to open on October 18, while the concession in Debenhams’ Bristol store opens on October 25.

Both will include dedicated areas for running, outdoor, football and golf.

Today (September 25) the Mike Ashley owned retailer also announced it has entered into a put option agreement with investment bank Goldman Sachs for 23 million Tesco shares, which represents a 0.3 per cent stake in the grocery chain.

Last Monday Tesco announced it had overstated its guidance for half-year profits by £250 million, wiping an estimated £2 billion off the value of the company.

Ashley is taking a punt on whether shares in the troubled supermarket will rise in the future.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button