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Frasers Group Becomes Largest ASOS Shareholder on Monday

Frasers Group has increased its stake in ASOS to 29.26 percent, making it the largest shareholder. The move follows a regulatory filing released on Monday.

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The United Kingdom-based sportswear and fashion powerhouse Frasers Group plc has solidified its position as the primary investor in ASOS Plc. According to a regulatory filing released on Monday, the group increased its ownership stake in the online fast-fashion retailer to 29.26%, up from its previous holding of 28.42%.

An illustration featuring a computer keyboard and a miniature shopping cart positioned in front of the ASOS logo, captured on October 13, 2020. REUTERS/Dado Ruvic/Illustration
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