The retail empire owned by billionaire Mike Ashley has bought into fashion giant Boohoo.
Frasers Group, which owns brands such as Sports Direct and House of Frasers, has become one of the largest single shareholders in the Manchester-headquartered giant.
The move comes after the group recently invested £75m in Bolton-headquartered electricals group AO before later increasing its stake to just over 21% to become its largest shareholder.
