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:..
The Danish billionaire behind Bestseller appears to be calling maverick Mike Ashley's bluff with ASOS, the London-listed online fashion retail firm.
Yesterday, one of Anders Hoch Povlsen's vehicles, Aktieselskabet, disclosed it now owns a 27.1pc shareholding in Asos. Below is a link to yesterday's announcement:
https://ir.design-portfolio.co.uk/viewer/88/59878..
Little old Betaville suspects it won't be too long now before Mike Ashley's Frasers Group becomes the largest shareholder in ASOS.
That's because yesterday Frasers Group disclosed once again that it had been accumulating more stock in the London-listed online fashion retailer.
According to regulatory filings, Frasers Group now owns 19.3pc of ASOS. Below is the link to yesterday's announcement:..