Ao World Share News (AO.)
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Thu, 31st Aug 2023 07:11
LONDON, Aug 31 (Reuters) - British sportswear group Frasers raised its stake in online fashion seller Boohoo to 9.1% from 7.8%, a regulatory filing showed on Thursday.
Frasers, formerly called Sports Direct and majority-owned by Mike Ashley, has previously described its stake in Boohoo as consistent with its strategy of building "supportive" positions in "attractive" companies.
The group also owns stakes in electrical retailers Currys and AO World, and upmarket brand Hugo Boss among others.
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Read more(Sharecast News) - Online electrical retailer AO World cut its profit outlook as it warned of product shortages due to supply chain issues and higher costs.
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