Frasers ups stake in Boohoo

Frasers Group has upped its stake in Boohoo after shares in the fashion retailer fell amid ongoing tensions with Revolution Beauty.
The Mike Ashley-owned group widened its holdings from 5% to 6.7% on Tuesday, building on its “strategic investment” into the fashion retailer.
Frasers – which snapped up the 5% stake last month – explained that Boohoo is an “attractive proposition” due to its “laser focus on young female consumers”.Subscribe to Retail