JD Sports chairman sells down

Last week, JD Sports Fashion executive chairman Peter Cowgill sold £13.3m of the retail group's shares. News of the share sale, on June 5, sent JD shares down by as much as 8 per cent. Mr Cowgill retains a stake of 0.67 per cent in JD Sports. JD Sports declined to comment on the chairman's share disposal. The JD Sports chairman's decision to sell down during a tumultuous time for all retail companies should probably be viewed against his reduction in pay.

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