13th Jan 2016 07:23
LONDON (Alliance News) - Sports Direct International PLC on Wednesday said it holds an indirect interest representing 11.5% of the issued share capital of Iconix Brand Group Inc and 2.3% of the issued share capital of Dick's Sporting Goods Inc.
The sporting goods retailer said the indirect interests are through contracts for difference. It holds 5.6 million shares in Iconix and 2.1 million shares in Dick's.
Iconix is a brand management company which owns a portfolio of consumer brands across fashion, sports, entertainment and home. Dick's is a sporting goods and sports clothing retailer.
"The main rationale for these stakes is to allow Sports Direct to hopefully build a relationship and develop commercial partnerships with the relevant parties. They also help the company to build relationships with key suppliers and brands," Sports Direct said in a statement.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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