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Sports Direct’s stake in French Connection increases to more than 25%

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Sports Direct has upped its stake in French Connection to 27 per cent, just months after it initially snapped up an 11 per cent stake in February. The increase comes after Gatemore and OTK – activist investors who joined forces to wage a war on French Connection’s corporate governance – sold their shares to the Mike Ashley-owned retailer. Gatemore held an eight per cent stake in French Connection, while OTK owned seven per cent.

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Sports Direct’s stake in French Connection increases to more than 25%

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Sports Direct’s stake in French Connection increases to more than 25%

0 Comment

Sports Direct has upped its stake in French Connection to 27 per cent, just months after it initially snapped up an 11 per cent stake in February. The increase comes after Gatemore and OTK – activist investors who joined forces to wage a war on French Connection’s corporate governance – sold their shares to the Mike Ashley-owned retailer. Gatemore held an eight per cent stake in French Connection, while OTK owned seven per cent.

Originally posted here:
Sports Direct’s stake in French Connection increases to more than 25%

Tags: , , , , , , , , , , , ,

Leave a Reply

Your email address will not be published.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

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