Mike Ashley’s Frasers ramps up stake in Asos

Mike Ashley’s Frasers ramps up stake in Asos

By

Reuters API

UK businessman Mike AshleyAsos


Topshop/Topman

The billionaire’s sportswear and fashion retail company, Frasers Group Plc, notified Asos on Friday that it had become a significant shareholder in the company, the report said.

The move makes Frasers the fourth-biggest shareholder in Asos.

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