×
1 864
Fashion Jobs
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
EUDON CHOI
Production Manager
Permanent · LONDON
TK MAXX
Loss Prevention Officer - tk Maxx Bristol
Permanent · Bristol
LONDON CONTOUR EXPERTS
Marketing Executive/Junior Manager
Permanent · LONDON
ESTÉE LAUDER
Tom Ford - Business Manager - Flannels - Fosse Park, Leicester - 37.5 Hours - Full-Time - Permanent
Permanent · Leicester
VF INTERNATIONAL
International Account Coordinator - Ftc 12 Month
Permanent · NOTTINGHAM
TIMBERLAND
Credit Controller - German Speaking - Timberland
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - Italian Speaking - The North Face
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - French Speaking - The North Face
Permanent · CALVERTON
PINKO
Supervisor
Permanent · MANCHESTER
RALPH LAUREN
Operations Manager
Permanent · Cheshire
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis - 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - House of Fraser, Maidstone - 15 Hours - Part Time, Permanent
Permanent · Maidstone
ESTÉE LAUDER
Clinique - Consultant - Boots, Princes Street, Edinburgh - 14 Hours - Part Time - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
HUGO BOSS
Wholesale - Senior Sales Executive - Hugo Womenswear
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Edinburgh - 16 Hours - Part Time, Permanent
Permanent · Edinburgh
By
Reuters
Published
Nov 6, 2014
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ashley sells Debenhams shares, takes option on bigger stake

By
Reuters
Published
Nov 6, 2014

LONDON, United Kingdom - Sports Direct founder Mike Ashley has sold the 4.6 percent stake he bought in Debenhams last month, and taken a complex financial option over a further stake that bets the shares will not fall below a certain level.

Debenhams Preen Print Ad | Photo: Debenhams



Debenhams and Sports Direct, controlled by Newcastle United soccer club owner Ashley, began working together earlier this year, with the department store trialling Sports Direct concessions in its shops.

On Thursday the sports retailer said it had taken a so-called put option over a 6.1 percent stake, to add to an earlier option of 6.6 percent. The move means Sports Direct has a total interest in 12.7 percent of the equity in the department store.

The strike price of the option has not been disclosed.

Ashley has bought a string of stakes in retailers and other companies in recent months, including a similar bet on Tesco shares. Shares in Debenhams have risen by about 11 percent based on the closing prices on the days Ashley bought and sold his latest stake.



 

© Thomson Reuters 2021 All rights reserved.