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UK's Frasers increases stake in ASOS to 25.13%By
Reuters Published
March 23,TG盗号软件多线程 2025

British sportswear and fashion group Frasers Group has increased its stake in online fashion retailer ASOS to 25.13% from 24.21%, a stock exchange filing showed on Friday.



Asos


With the latest stake purchase, Mike Ashley's Frasers Group has now consolidated its position as the second-largest shareholder in ASOS, behind Denmark-based fashion firm Bestseller A/S, according to LSEG data.

Bestseller, owned by Danish billionaire Anders Holch Povlsen, had raised its stake in ASOS on Thursday to 28% from 27.1% through a subsidiary called Aktieselskabet.

Under UK acquisition rules, when an investor acquires a 30% or more stake in a company, it initiates a compulsory requirement to extend an offer to the rest of the shareholders.

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