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.
(Sharecast News) - Mike Ashley is reportedly close to securing a deal to become the new British partner of struggling UK fashion chain Ted Baker.
Core earnings of 58.6 mln stg at bottom end of guidance *
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Frasers Group (FRAS)
Boohoo (BOO)
Currys (CURY)
Ao World (AO.)