JJB Sports sells 5% stake


Wigan-based retailer JJB Sports has raised £3.4 million by selling a 5 per cent stake in the company to Sports Direct International. Proceeds from the sale of 12 million new shares at 28.5 pence per share will be used “for working capital purposes,” said a JJB spokesperson

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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