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
39.60p
16:44 07/01/25
0.00%
0.00p
Frasers Group
589.50p
17:15 07/01/25
-2.32%
-14.00p
FTSE 100
8,245.28
17:14 07/01/25
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FTSE 350
4,537.45
17:14 07/01/25
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FTSE AIM All-Share
725.28
16:54 07/01/25
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FTSE All-Share
4,493.46
16:44 07/01/25
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General Retailers
4,611.96
17:14 07/01/25
-0.53%
-24.56
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.