Frasers hoovers up another £5m of Boohoo shares
Shirebrook-based retail giant Frasers Group has upped it stake in online fashion firm Boohoo.
Frasers has spent over £5m to increase its shareholding from 7.8% to 9.1%, it emerged this morning (August 31).
Frasers has been gradually hoovering up Boohoo shares over recent months.
In June, the firm described Boohoo as “an attractive proposition to us with its laser focus on young female consumers” and said it saw “potential synergies and an opportunity to strengthen our own brand proposition in collaboration”.
