Harris Associates increases stake in JJB Sports to 17.9pc
Harris Associates, the US value investor, has increased its stake in JJB Sports to 17.9pc, making it the biggest shareholder in the recovering sportswear retailer.
JD Sports Fashion has sold its 10 percent stake in JJB Sports for 16.3 million pounds,unwinding part of a complex web of cross-shareholdings in the sports retail industry.