A trading platform has invested in the Manchester-headquartered owner of Simply Be, JD Williams and Jacamo.
OvalX, which recently rebranded from ETX Capital, has snapped up a 5% stake in the listed group.
OvalX is financial services product providing financial derivatives trading such as contracts for difference and financial spread betting and corporate brokerage services.
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The move comes after Mike Ashley's retail empire upped its stake in N Brown.
Last month Frasers Group increased its holdings in N Brown to just over 5%, having first bought into the listed group in October.
Earlier this year Frasers Group acquired Lancashire-based Studio Retail Group after it collapsed into administration owing more than £80m.
It later bought Manchester-based online fashion brand Missguided for £20m after it also entered administration.
I Saw It First, which is also located in the city, was acquired by the group for an undisclosed fee in July.
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