Sports Direct buys 11% stake in French Connection

The maverick billionaire made his share raid after fund manager Schroders dumped a 9% stake on Wednesday.

Sports Direct buys 11% stake in French Connection
Thu, 02 Feb, 2017 - 15:46

Mike Ashley's Sports Direct has bought an 11% stake in French Connection, raising fresh questions over the troubled fashion retailer's future.

The maverick billionaire made his share raid after fund manager Schroders dumped a 9% stake on Wednesday, with Mr Ashley (pictured) hoovering up an additional 2% on the open market.

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