Mike Ashley’s Frasers Group increased its stake in ecommerce group THG on Monday.
Source: Sharecast
According to a regulatory filing, Frasers - which also has stakes in Asos, Boohoo and Currys, among others - lifted its interest to 10.9% from 6.1%.
THG announced last week that it had raised £90m in a share placing and refinancing, which included a £60m contribution from founder and chief executive Matthew Moulding, in a bid to support its "strategic growth targets".
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