Frasers Group picks up 4.5% stake in N Brown
Sports Direct and House of Fraser owner Frasers Group has picked up a 4.5% stake in online clothing retailer N Brown, according to a regulatory filing on Tuesday.
Brown (N.) Group
39.20p
14:00 14/11/24
0.00%
0.00p
Frasers Group
734.50p
15:40 14/11/24
0.62%
4.50p
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15:40 14/11/24
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729.90
15:40 14/11/24
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General Retailers
4,603.19
15:39 14/11/24
0.19%
8.77
Earlier this year, Frasers bout Lancashire-based Studio Retail Group out of administration for £26.8m. It also rescued Manchester-based fast-fashion retailer Missguided from administration in a £20m deal.
N Brown owns JD Williams, Simply Be and Jacamo. Frasers also owns Jack Wills, Evans Cycles, and Flannels, along with I Saw it First, which it bought in July for an undisclosed sum.
At 1550 BST, N Brown shares were up 9.8% at 23.61p.