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Share Price: 351.20

Bid: 352.20

Ask: 354.80

Change: 1.20 (0.34%)

Spread: 2.60 (0.738%)

Open: 348.00

High: 357.60

Low: 348.00

Prev. Close: 350.00

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IN BRIEF: Frasers raises stake in online rival boohoo to 21%

Thu, 18th Jan 2024 09:57

boohoo Group PLC - Manchester-based online fashion retailer - Frasers Group PLC raises its share holding in boohoo to 21.5% as of Wednesday from 17.2%. Frasers is the Shirebrook, England-based owner of the House of Fraser, Sports Direct and Flannels retail chains. Its holding in its smaller peer first passed the disclosure threshold of 5% in June last year, and it has increased this steadily since. Frasers, founded and still controlled by Mike Ashley, also has stakes in retailers AO World PLC at 23.1%, Asos PLC at 25.0%, and Currys PLC at 11.2%.

Current boohoo stock price: 34.12 pence

12-month change: down 28%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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