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Mike Ashley’s Frasers Group raises stake in Asos

Frasers Group Plc, the retail empire majority owned by tycoon Mike Ashley, has raised its stake in struggling online fashion hub Asos Plc. Already Asos’s third-largest shareholder, Frasers raised its holding to 8.8% from 7.4%, according to a June 6 filing. The stake has grown from around 5% in October. Ashley founded Sports Direct four […]

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