Billionaire Mike Ashley Is Still Toying With Britain’s Retail Sector
- Sports Direct founder is increasing stakes in other businesses
- Frasers, run by son-in-law, has at least £295 million holdings
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In British retail, it’s becoming a question of which retailers Mike Ashley doesn’t have a stake in, rather than which ones he does.
The billionaire, known for his dealmaking and power drinking, has been snapping up shares in retailers including Asos Plc, Boohoo Group Plc, AO World Plc and Currys Plc all in the past couple of weeks. The moves came via Frasers Group Plc, the retail empire which Ashley originally founded back in the 1980s as Sports Direct.