Sports Direct is the biggest sporting goods retailer in Britain. It is majority owned by Mike Ashley, who is the founder and owner of the Newcastle United soccer club. The company told that it would not rule out taking more stakes in rivals. It also said that it is currently assessing the potential acquisitions in Europe as part of its plan to expand.
The company has finally take surprise positions in companies such as Tesco, the biggest retailer in Britain, Debenhams, a department store group and MySale, an online retailer. There is no doubt that Sports Direct is growing rapidly.
According to Dave Forsey, who is the chief executive of Sports Direct, they always say to it to look for more opportunities. Dave Forsey said this on Thursday as the company posted a total of 11 percent increase in its first-half earnings.
According to him, they have a history of strategic stakes. He also implied that there is still no certainty whether they are going to continue their strategic stakes or not. The strategic stakes he was referring to are the 11.8 percent holding of the company in JD Sports, the British rival of Sports Direct, and the company’s previous investments in its key suppliers, such as Adidas.