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JD Sports shares plummet as largest shareholder sells holdings worth 177m pounds

1 month ago   |   By Fashion United

Shares in JD Sports plunged over 10 percent percent on Wednesday after majority shareholder Pentland reduced its stake in the fashion retailer worth 177 million pounds.
Pentland, which also owns sportswear brands such as Speedo and Berghaus, said it sold 24 million shares in JD Sports at 740p each.
“Pentland is committed to remaining a long-term majority shareholder in JD at the same time as growing our portfolio of sports, outdoor and fashion brands through organic investment and acquisitions,” Pentland chairman Stephen Rubin said in a statement.
Steve Miley, senior market analyst at...
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Pentland sells £177m stake in JD Sports

Pentland sells £177m stake in JD Sports

1 month ago   |   By Drapers

Pentland Group, the largest shareholder in JD Sports, has reportedly sold a stake in the sportswear retailer worth £177m.
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