Mike Ashley’s Frasers Group Raises Stake in Asos Above 8%
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Frasers Group Plc, the retail empire majority owned by tycoon Mike Ashley, has raised its stake in struggling online fashion hub Asos Plc.
Already Asos’s third-largest shareholder, Frasers raised its holding to 8.8% from 7.4%, according to a filing Tuesday. The stake has grown from around 5% in October.