Frasers Group snaps up stake in THG

Frasers Group has deepened its ties with THG after it acquired a near 5% stake in the ecommerce giant.
The Mike Ashley-controlled retail giant snapped up a 4.8% shareholding in the business earlier this week following the news that THG expects to return to growth later this year after the spin-off of its Ingenuity technology platform.
Frasers previously bought £10m in THG’s shares as part of a “strategic investment” following the online group’s £95.4m fundrais