Fashion
JB Sports buys stake in Umbro
JB Sports has bought a 10.1% stake in sportswear firm Umbro in a move to protect its stake in the market for England football shirts. Reports a day earlier said an unnamed suitor had targeted Umbro, sending its shares 27.5% higher. The newly-acquired 10.1% stake, plus Sport Direct's existing 15% stake in Umbro, mean any suitor would have a...
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