Sports Direct International has raised its stake in Blacks Leisure Group to 21.3 percent. The aggressive British retailer and brand owner had seen its stake in Blacks diluted by an equity increase in May 2010. At the end of its own financial year last Apr. 24, Sports Direct had only 14.5 percent of Blacks' shares, down from 28.5 percent one year earlier.
Related articles
-
ArticleSchoeller to close Swiss production facility due to rising costs
Due to economic pressure, the Swiss textile manufacturer will reportedly close its site in Sevelen, affecting several employees as production is moved abroad.
-
News briefsGreen Theme Technologies secures $6m for expansion
The US sustainable textile and materials science company raised funding to advance eco-friendly technologies for various high-performance markets.
-
ArticleAccell Group secures creditor support for recapitalization
The company’s creditors approved the restructuring plan, paving the way for recapitalization implementation.