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Finance

UK's Frasers increases stake in ASOS to 25.13%

Published by Global Banking & Finance Review

Posted on March 21, 2025

1 min read

· Last updated: March 21, 2025

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Frasers Group Raises ASOS Stake to 25.13% in Strategic Move

(Reuters) - British sportswear and fashion group Frasers Group has increased its stake in online fashion retailer ASOS to 25.13% from 24.21%, a stock exchange filing showed on Friday.

With the latest stake purchase, Mike Ashley's Frasers Group has now consolidated its position as the second-largest shareholder in ASOS, behind Denmark-based fashion firm Bestseller A/S, according to LSEG data.

Bestseller, owned by Danish billionaire Anders Holch Povlsen, had raised its stake in ASOS on Thursday to 28% from 27.1% through a subsidiary called Aktieselskabet.

Under UK acquisition rules, when an investor acquires a 30% or more stake in a company, it initiates a compulsory requirement to extend an offer to the rest of the shareholders.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Krishna Chandra Eluri)

Key Takeaways

Frasers Group increased its ASOS stake to 25.13%.
Bestseller A/S remains the largest ASOS shareholder at 28%.
UK rules require a takeover offer if a 30% stake is reached.
Frasers Group is led by Mike Ashley.
The move consolidates Frasers' position in fashion retail.

Frequently Asked Questions

What is the main topic?

The main topic is Frasers Group increasing its stake in ASOS to 25.13%, making it the second-largest shareholder.

Who is the largest shareholder in ASOS?

Bestseller A/S, owned by Anders Holch Povlsen, is the largest shareholder with a 28% stake.

What happens if a shareholder reaches a 30% stake?

Under UK acquisition rules, a shareholder must make a takeover offer to the remaining shareholders if they acquire a 30% stake.

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