The British retail group Frasers Group Plc has continued its offensive investment policy. The parent company of retail chains such as Sports Direct, House of Fraser and Flannels as well as clothing brands such as Jack Wills and Missguided has not only acquired further shares in the Metzingen-based fashion group Hugo Boss AG in the past few days, but also increased its stake in the British clothing supplier Asos Plc.
Asos confirmed in a mandatory announcement on Monday that the Frasers Group’s recent acquisitions have surpassed the five percent stake threshold. Overall, the retail group has held 5.1 percent of Asos shares since last Wednesday. Several British media had already reported on the transactions over the weekend.
According to the company, Frasers is now Asos’ fourth-largest single shareholder. The holding company Aktienelskabet af 5.5.2010, a subsidiary of the Danish clothing group Bestseller Group, holds the largest block of shares. You currently own around 26 percent of Asos shares.
Continue reading:
- Frasers further increases stake in Hugo Boss
- Frasers Group acquires Australian retailer Sneakerboy
- Change of heart in takeover poker: MySale management recommends sale of shares to Frasers Group
- Frasers Group acquires interest in N Brown Group
- Frasers Group announces takeover bid for MySale
