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Birmingham Post

Business

Jon Robinson

Mike Ashley's Frasers Group ups AO stake for a third time

AO Frasers Group Mike Ashley House of Fraser Sports Direct

Mike Ashley's retail empire has upped its stake in AO for a third time.

Frasers Group first invested in the Bolton-headquartered electricals retailer in a £75m deal earlier this month.

That deal saw the group, whose brands include House of Fraser and Sports Direct, acquire just under 19% of the listed company.

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Flydubai attack investigation widens as alleged hijacker’s training in New Zealand scrutinised

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