Mike Ashley pumps further £4m into Boohoo amid market turmoil at fast fashion giant

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 71%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Frasers founder has grown his stake at clothing retailer to 7.8 per cent from initial investment in June

Mike Ashley, one of the biggest names in British high street retail, has continued to build his stake in Boohoo, the fast-fashion company run by Offaly man John Lyttle.

Ashley’s Frasers Group has now pushed its stake to 7.8 per cent, having bought 13 million shares at a price of around £4.5 million. The Fraser Group bought an initial stake in the company in June for £22 million , when the shares were worth ...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in CA

Canada Canada Latest News, Canada Canada Headlines