So it emerged over the weekend that Asos, the London-listed online fashion retailer, is weighing a sale of TopShop...
Posts tagged: Mike Ashley
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.....
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:..
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:..
Another good spot from The Times market report.
The column highlights that Frasers Group, which is ultimately controlled by the billionaire Mike Ashley, has increased its shareholding in Asos to 18pc. Below is the link to yesterday's announcement:
There was a paragraph that stood out in today's The Times market report written by Dominic "Dom" Walsh.
"The latest whisper is that Frasers Group, the second biggest shareholder in the online fashion house with a 17 per cent stake, is trying to find a block of shares with the aim of becoming the biggest shareholder and getting a seat in the boardroom. Talk that Mike Ashley could bid refuses to go away"...
A good spot from The Times market report.
Mike Ashley has increased Frasers Group's stake in London-listed fashion retailer Asos, again.
Frasers Group now owns just under 17pc of Asos, according to The Times.
And if Ashley keeps on increasing his stake in Asos to over 21.8pc he will overtake the largest shareholder in the company - Danish billionaire Anders Povlsen, the owner of Bestseller...
Tucked away in the back of Oliver "Shahsy" Shah's business comment column in yesterday's The Sunday Times was a line about what retail billionaire Mike Ashley might do next at Asos, the London-listed fashion retailer.
Loyal readers will know that Frasers Group, the retail giant controlled by Ashley, has been building up a sizeable shareholding in fashion retailer Asos, which late last year received a takeover approach from Turkish firm Trendyol...