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Published
Oct 24, 2022
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Mike Ashley's Frasers ramps up stake in Asos

By
Reuters API
Published
Oct 24, 2022

UK businessman Mike Ashley has built a stake of more than 5% in online fashion retailer Asos Plc, the Telegraph reported on Saturday, citing market sources.


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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