Mike Ashley’s Frasers Group PLC (LSE:FRAS) has made another swoop for shares in Boohoo Group PLC (AIM:BOO).
The retailer, which owns Sports Direct and House of Fraser, now owns 15.1% of the online retailer after increasing its stake from 13.4%.
Only last week, Frasers lifted its holding from 10.4% to 13.4%, while in September, it said it had raised its holding to 9.1%.
It continues Frasers’ acquisition spree which has seen it pick up stakes in electricals giant Currys PLC (LSE:CURY), its online counterpart AO World PLC (LSE:AO.) and boohoo’s rival ASOS PLC (LSE:ASC).
It adds to other investments in German fashion designer Hugo Boss, Manchester-based clothing label N Brown Group PLC (AIM:BWNG), luxury handbag brand Mulberry Group (AIM:MUL) and even a sliver of Next PLC (LSE:NXT).