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Birmingham Post
Birmingham Post
Business
Jon Robinson

Mike Ashley's Frasers Group acquires stake in fashion giant Boohoo

Frasers Group Boohoo Currys

Mike Ashley's Frasers Group has acquired a stake in fashion giant Boohoo.

The owner of brands such as Sports Direct and House of Frasers has snapped up a 5% holding in the Manchester-headquartered group.

The move means Frasers Group has become one of the largest single shareholders in Boohoo.

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