Frasers lifts stake in Boohoo to over 20%
Sharecast
Published Jan 18, 2024 11:39
Updated Jan 18, 2024 12:12
Frasers lifts stake in Boohoo to over 20%
Sharecast - According to a regulatory filing, Frasers upped its stake to 21.49% from 17.22%.
Russ Mould, investment director at AJ Bell, said: "Whether this move will translate into anything more than brand collaboration remains to be seen but this latest stake building will do nothing to dull the speculation.
"The fast fashion play looks vulnerable with the shares trading at a fraction of highs seen three years ago."
Frasers - which owns Sports Direct (LON:FRAS), House of Fraser and Flannels, among others - has also built stakes in Asos (LON:ASOS), Ao World (LON:AO), Currys (LON:CURY), N Brown (LON:BWNG) and Hugo Boss (LON:0Q8F).
Read more on Sharecast.com
Get The App
Written By: Sharecast
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.