Frasers, formerly called
Shares in ASOS, which have lost about 30 per cent of their value in the past week, finished up by almost eight per cent yesterday.
The increase in stake comes a week after ASOS swung to a firsthalf loss, hit by a squeeze on household budgets, and forecast a further drop in sales.
Frasers, known for picking up stakes in fellow retailers in recent years, currently owns a 2.6 per cent stake in German fashion house
(c) 2023 City A.M., source