{"id":218321,"date":"2022-10-24T16:53:22","date_gmt":"2022-10-24T15:53:22","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=218321"},"modified":"2022-10-25T09:54:37","modified_gmt":"2022-10-25T08:54:37","slug":"frasers-confirms-asos-stake-purchase-and-snaps-up-more-shares-in-hugo-boss","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/frasers-confirms-asos-stake-purchase-and-snaps-up-more-shares-in-hugo-boss\/","title":{"rendered":"Frasers confirms ASOS stake purchase and snaps up more shares in Hugo Boss"},"content":{"rendered":"
Frasers Group has confirmed reports from this weekend<\/a><\/span> that it had acquired a 5.1% stake in online young fashion giant ASOS and has also snapped up more shares in Hugo Boss.<\/strong><\/p>\n <\/p>\n Mike Ashley\u2019s retail empire, which is now run by his son in law Michael Murray, is now the fourth largest shareholder in ASOS<\/strong> behind Danish billionaire and Bestseller owner Anders Holch Povlsen (26%), Camelot Capital Partners (11%) and T Rowe Price (10%). Schroders holds just under 5% and is now the fifth largest shareholder behind Frasers.<\/p>\n It is understood that Frasers has been taking advantage of the slump in ASOS shares over the past year and has been quietly building its stake and was obliged to inform that markets after that stake exceeded 5%, which it did on Friday.<\/strong><\/p>\n