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Broker puts boot in to retailer’s US foray
Thursday 27 Apr 2017 Author: James Crux

In an excoriating research note (21 Apr) entitled ‘From Damascus to Delaware’, stockbroker Peel Hunt has put the boot into Sports Direct International’s (SPD) $101m acquisition of 50 loss-making stores from a distressed US business. The company’s focus should be on turning round Sports Direct’s UK business rather than a US foray, according to Peel Hunt. (JC)

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