Mike Ashley’s Sports Direct has raised its stake in High Street department store chain Debenhams.
Regulatory filings present Sports Direct has now upped its interest in Debenhams stock from 13.38% to 16.09%.
But instead of buying Debenhams shares outright, the plays conglomerate instead regards “options in stock”, which contributes it a right to buy shares at a future date.
It too regards “contracts for differences”, a sort of business bet on the future Debenhams share price.
Sports Direct firstly revealed those who are interested in Debenhams more than three years ago.