Mike Ashley’s Frasers Group has upped its voting interest in online fashion group ASOS to 19.3% from 18% previously.
Ashley, the third largest overall shareholder in Asos with a 10.6% shareholding also holds a significant voting interest through derivatives.
Bestseller, the empire of retail tycoon owner Anders Holch Povlsen is ASOS’s largest shareholder with a 27% stake.
Frasers has been on a seemingly unending buying spree of stakes in rival retailers in recent months.
In addition to ASOS, Frasers has acquired stakes in boohoo, Curry’s, N Brown, AO World, as well as acquiring brands that have gone bust such as Missguided and I Saw It First.
Shares in ASOS rose 3.8% to 401.8p.