Frasers Group ups stake in Asos

Mike Ashley’s Frasers Group has lifted its stake in online fashion retailer Asos again.

Frasers upped its stake to 8.8% from 7.4%. This compares to around 5% in October 2022.

Frasers Group, which owns House of Frasers and Sports Direct, among others, also has stakes in luxury handbag maker Mulberry and Hugo Boss.