boohoo group Plc (GB:BOO) has released an update.
Frasers Group Plc has increased its stake in Boohoo Group PLC, with voting rights crossing the threshold to 24.048373% on June 19, 2024. The acquisition enhances Frasers Group’s influence in the UK-based fashion retailer, signaling a strategic move by the ultimate controlling party, Michael Ashley. Boohoo notified the market of this significant change in shareholding the following day.
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