Its ownership of ASOS has increased this week from less than 18 per cent to over 25 per cent, owing to both direct share ownership and financial instruments. According to stock exchange records, Frasers’ voting rights were increased by little more than 25 per cent in relation to ASOS. The business originally purchased a 5 per cent share in the struggling store in the autumn of 2022. The business originally purchased a 5 per cent share in the struggling store in the autumn of 2022. Frasers began buying Boohoo only last summer, and as of this past month, it held a 17 per cent stake.

Source: The Times January 19, 2024 08:13 UTC