RCS - Sports Direct Intl. - STATEMENT REGARDING DEBENHAMS PLC <Origin Href="QuoteRef">SPD.L</Origin>

FrasersAnnouncement

02/03/2018 10:40

RNS Number : 5317G
Sports Direct International Plc
02 March 2018
Date: 02 March 2018
SPORTS DIRECT INTERNATIONAL PLC ("Sports Direct" or "the Company")
STATEMENT REGARDING DEBENHAMS PLC
Sports Direct is pleased to confirm that the Company has increased its total holdings in Debenhams plc to 29.70%, as per today's announcement by Debenhams.
Liam Rowley, Head of Strategic Investments at Sports Direct, commented: "We see huge value for both companies in a strategic partnership between Debenhams and Sports Direct.
"There are obvious synergies that can be achieved through the integration of our respective web operations. We also see opportunities to work together internationally.
"Importantly, there is scope for greater collaboration in the UK in order to roll out an elevated offering to consumers. We believe Sports Direct can complement Debenhams very well across the spectrum."
Ends.
Sports Direct International plc
Cameron Olsen, Company Secretary
LEI: 213800JEGHHEAXIJDX34
T. 0344 245 9200
E. investor.relations@sportsdirect.com
KBA PR
Keith Bishop
T. 0207 734 9995
E. sd@kbapr.com

This information is provided by RNS
The company news service from the London Stock Exchange
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