Mike Ashley’s spurned £83mn bid for luxury handbag maker Mulberry this month has not deterred his retail empire from acquiring yet another stake in a listed company.
On Friday, London-listed Frasers Group invested £10mn in UK ecommerce company THG — which runs websites such as Lookfantastic and Myprotein — in return for a small holding, as THG tapped investors for cash.
This latest move highlights the sportswear tycoon’s propensity for investing in companies of “strategic…
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