LONDON Jan 13 Sports Direct, Britain's
largest sporting goods retailer, has acquired a 4.6 percent
stake in Debenhams, and said it wants to explore options
"at an operational level" to work with the country's No. 2
"This acquisition of shares has taken place without the
prior knowledge of the Debenhams board of directors, but Sports
Direct has communicated to Debenhams' board its desire to work
together and its intention to be a supportive shareholder,"
Sports Direct said on Monday.
Debenhams, which issued a profit warning last month, noted
Sports Direct's purchase of shares and said it is "open minded"
about working with the firm to improve its