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		</div><p>Mike Ashley&#8217;s Sports Direct has raised its stake in department store chain Debenhams.<br />
The maverick billionaire&#8217;s firm has upped its interest in Debenhams stock from 13.38% to 16.09%.</p>
<p>Sports Direct has built its position through a combination of share options and contracts for differences.<br />
The Newcastle United owner has a history of building up positions in rival retailers, having previously bought stakes in French Connection, JD Sports and privately-owned House of Fraser.</p>
<p>Sports Direct snapped up an 11% stake in French Connection, raising fresh questions over the chain&#8217;s future.</p>
<p>Mr Ashley made his share raid in February after fund manager Schroders dumped a 9% stake, with Mr Ashley acquiring an additional 2% on the open market.</p>
<p>As well as running around 400 stores across the UK, the Sports Direct group has a presence in Europe through stores in Austria and the Baltic states while Debenhams has more than 240 outlets worldwide.</p>
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