Frasers Group ups Boohoo stake to 16.5%
Frasers first purchased a 5% stake in the online retailer back in June of this year
Mike Ashley’s Frasers Group has once again increased its stake in online retailer Boohoo and now holds a 16.5% share in the business.
It has upped its stake from 15.1% and now holds a total number of voting rights of 209,319,058.
Frasers first purchased a 5% stake in the online retailer back in June of this year and has repeatedly increased its holding in the company over the following months.
The news comes as the company again upped its stake in Asos to 23% earlier this week, as it continues its investment in a number of UK fashion retailers.
Frasers has increased its holding in the online retailer a number of times throughout this year and currently holds 27,473,492 Total number of voting rights.
It tops a busy week for the retailer now headed by Mike Ashley’s son-in-law Michael Murray after it acquired German Sportswear Sportscheck.
