Betaville Intelligence

RARE ALERT: ASOS said to ... - Part 20

So, Mike Ashley's Frasers Group has upped its stake further in online retailer Asos to 22.8pc whilst also increasing the shareholding in rival digital fashion firm Boohoo to 15.1pc.

The dual stakebuilding does raise questions about whether Ashley, a well-known gambler, is ultimately plotting a bid for both companies.

Little old Betaville, though, assumes one of these stakebuildings could be a head fake.....

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Date: Tuesday, 17 October 2023, 9:36 am

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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