Mike Ashley's Frasers Group builds 5% stake in Asos

Mike Ashley

Mike Ashley’s Frasers Group has built up a shareholding of more than 5% in online fashion operator Asos. 

The sports and fashion group, which owns retailers including House of FraserSports Direct and Flannels, told Asos on Friday (October 21) that it had become one of the company’s most significant shareholders.

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