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Frasers Group Increases Stake in ASOS PLC

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Frasers Group Increases Stake in ASOS PLC

ASOS plc ( (GB:ASC) ) has issued an update.

ASOS PLC has announced a change in its major holdings, with Frasers Group Plc increasing its stake in the company. The acquisition of additional voting rights by Frasers Group, led by Michael Ashley, raises their total voting rights in ASOS to 24.21%. This move could potentially impact ASOS’s strategic decisions and influence its market positioning, reflecting Frasers Group’s growing interest and investment in the fashion retail sector.

More about ASOS plc

ASOS PLC is a UK-based company operating in the fashion retail industry, primarily focusing on online sales of clothing, footwear, accessories, and beauty products. It targets a global market with a strong emphasis on young adult consumers.

YTD Price Performance: -41.33%

Average Trading Volume: 268,121

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £320.7M

Find detailed analytics on ASC stock on TipRanks’ Stock Analysis page.

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