Mike Ashley swoops on video games retailer after profit warning forced by shortage of Nintendo Switch consoles

Sports Direct founder Mike Ashley has added a near-26% stake in the struggling video games retailer Game Digital to his string of high street investments.

Game Digital said Sports Direct, controlled by the billionaire, had acquired 44m shares, amounting to a 25.75% stake. Game released a profit warning last month due to a shortage of supply of Nintendo’s new Switch console.

Continue reading…

Facebook Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.