One of the biggest fashion groups in Manchester could be the subject of a takeover bid from Mike Ashley's retail empire, it has emerged.
Frasers Group, whose brands include Sports Direct and House of Frasers, has significantly increased how many shares it holds in N Brown to become its second largest single shareholder. It is now only behind Lord David Alliance, who acquired the group in 1968.
According to newly-filed documents with the London Stock Exchange, Frasers Group has increased its holdings to 17.88%. It first bought into the group in October 2022 and then upped its stake a month later.
