Bloomberg Business

Ashley’s Retail Empire Boosts Bet on Boohoo: The London Rush

Billionaire Mike Ashley’s retail empire Frasers Group Plc raised its stake in online fashion chain Boohoo again since first investing in June, arguably taking advantage of the company’s depressed valuation. The move comes after Frasers last week disclosed a higher stake in Boohoo rival Asos, stoking takeover speculation.