Frasers Group ups stake in Asos as takeover speculation swirls
Tycoon Mike Ashley’s Frasers Group has increased its stake in fashion pureplay Asos, which has been at the centre of takeover talk.
A purchase of shares yesterday took Frasers’ holding in Asos to almost 10%, compared with 7.4% at the start of the week.
The stakebuilding followed a report at the weekend that Alibaba-backed Turkish etailer Trendyol had approached Asos late last year about a possible £1bn takeover.
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