Frasers builds 5% stake in Asos to become fourth-largest investor
by Joanna Partridge from on (#651CD)
Mike Ashley's increased holding comes after online retailer reported slowing sales and full-year loss
The billionaire retailer Mike Ashley has built up a stake of more than 5% in the online fashion retailer Asos.
His fashion and sportswear retailer Frasers Group informed Asos on Friday that it had become one of the company's most signifiant shareholders.
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