AJ Bell Article5 Dec 2023 15:35
“Frasers has been consistently increasing its stake in fast fashion retailer Boohoo and a takeover would be welcome given the the toughening competition ahead, AJ Bell head of financial analysis Danni Hewson says in a note. “Investors in the online business may well look at the increasingly competitive market and hope Frasers hurries up and ends the suspense, adding Boohoo to its virtual monopoly board, where its size could help do battle with the likes of Shein, “Hewson adds. Sheins potential floating in US would boost its finances and consolidate its position in the global market.