Frasers Group - the retailer controlled by the British billionaire Mike Ashley - is back at it.
Yesterday, it emerged that Frasers Group had increased its stake again Asos, the London-listed online retailer, after reducing its shareholding last October.
Frasers Group said it now owns 24.1pc of Asos. Below is the link to the announcement:..
Mark "The Kleinmanator" Kleinman, City Editor of Sky News, is up early with a decent scoop about Mike Ashley's Frasers Group.
According to Kleiny - a former colleague during our time working on The Daily Telegraph and The Sunday Telegraph - Frasers Group is in talks with private equity firm Apax about buying Matchesfashion, the online upmarket fashion retailer...
After reducing his shareholding in Asos last month, the London-listed fashion retailer, Mike Ashley has now upped it again.
In late October, Frasers Group - which the billionaire retailer Ashley controls - reduced its stake in Asos from 23pc to 18.9pc. Below is the link to the announcement:..
So it emerged over the weekend that Asos, the London-listed online fashion retailer, is weighing a sale of TopShop...
Apologies - it looks like little old Betaville got the recent Frasers Group stakebuilding announcement completely back to front.
It would appear Mike Ashley's Frasers Group has actually reduced its shareholding down from 23pc to 18.9pc. Below is a link to the announcement:..
Mike Ashley's Frasers Group has just topped its stake in Asos, the London-listed online fashion retailer.
Frasers Group this afternoon disclosed it now owns 23pc of Asos. Below is the link to the announcement:
So, Mike Ashley's Frasers Group has upped its stake further in online retailer Asos to 22.8pc whilst also increasing the shareholding in rival digital fashion firm Boohoo to 15.1pc.
The dual stakebuilding does raise questions about whether Ashley, a well-known gambler, is ultimately plotting a bid for both companies.
Little old Betaville, though, assumes one of these stakebuildings could be a head fake.....
Mike Ashley's Frasers Group is back at it.
After a brief pause Frasers Group has increased his stake in London-listed fashion retailer Asos to 19.1pc. Below is the link:
There has been more double stakebuilding from maverick retail billionaire Mike Ashley.
Today Frasers Group - which Ashley founded and controls - announced it had increased its stake in ASOS, the London-listed online fashion retailer, to 19.8pc from 19.3pc. Below is a link to today's announcement:
So, today the British retail tycoon Mike Ashley showed that he has increased his stake in another London-listed online fashion retailer - Boohoo.
Or rather Frasers Group - the retail giant Ashley has built over the last twenty years and still controls - now owns 9.1pc of Boohoo. Below is a link to today's announcement:..