Frasers Group PLC (LSE:FRAS) continues to add to its holding in online retailer Boohoo Group PLC (AIM:BOO).
Mike Ashley’s acquisitive retailer has increased its stake to 17.22% from 16.50% before.
The group, which owns Sports Direct and House of Fraser, held just 7.8% of boohoo’s issued shares in late August.
Its holding has since jumped through several purchases of ordinary shares in boohoo, which reported a decline in profits for the half year in October, alongside a slip into an adjusted loss.
It continues Frasers’ acquisition spree which has seen it pick up stakes in electricals giant Currys PLC, its online counterpart AO World PLC and boohoo’s rival ASOS PLC.
It adds to other investments in German fashion designer Hugo Boss, Manchester-based clothing label N Brown Group PLC, luxury handbag brand Mulberry Group and even a sliver of Next PLC.