Frasers Group, which has been boohoo’s largest shareholder since last Autumn, has taken the opportunity to further increase its stake in boohoo to 23.1 per cent, which is up from 22.08 per cent.
There have been rumblings and speculation about the background to this increasing investment, with some suggesting that Frasers Group could be seeking to mount a takeover for the boohoo business, carve out the brands it wishes to retain, and sell on the rest to Shein. This, we must point out, has not been verified, but given that Frasers Group has already sold the Missguided brand to Shein, makes the rumour a tad more likely to be close to the truth.
However, Frasers Group has also been steadily acquiring shares in Asos, is said to be in negotiations to acquire the Ted Baker brand and is seemingly running a rule over any significant brands coming onto the block.
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