Frasers ups BooHoo stake to 6.7%

Frasers Group has upped its stake in BooHoo to 6.7 per cent according to an updated London Stock Exchange holdings filing.

The move solidifies the Mike Ashley-helmed group’s position as one of BooHoo’s biggest stakeholders after it announced a five per cent stake worth £22 million in the Manchester-headquartered fast fashion retailer last month.

Upon securing the five per cent stake in BooHoo, Frasers described the company as an “attractive proposition” due to its “laser focus” on younger women consumers.

Frasers also recently announced it was upping its initial nine per cent stake in electronics retailer Currys to over 11 per cent, while also increasing its stake in fast fashion retailer Asos to nearly nine per cent.

Additionally, the company acquired a £75 million, 18.9 per cent stake in electronics retailer AO World after two years of talks, which was subsequently increased to 21 per cent.

Reports recently emerged that Frasers has offered nearly £50 million to purchase an outlet shopping centre near Castleford on the outskirts of Leeds.

Junction 32, which is currently owned by the largest commercial property development company in the UK, is a shopping centre which spans 250,000 sq ft and currently contains outlet locations for over 90 brands ranging from Nike and Levi's to M&S and The Body Shop.

    Share Story:

Recent Stories


Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.

For further information on Motorola Solutions’ retail security products, including body cameras, click here.

Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.

New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.

Advertisement