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The latest announcement is out from ASOS plc ( (GB:ASC) ).
ASOS plc announced that Frasers Group Plc has increased its stake in the company, crossing a significant threshold of 25.13% of voting rights. This acquisition of voting rights indicates Frasers Group’s growing influence within ASOS, potentially impacting the company’s strategic decisions and market positioning.
More about ASOS plc
ASOS plc is a UK-based online fashion and cosmetic retailer. The company primarily focuses on young adults, offering a wide range of clothing, accessories, and beauty products. ASOS operates globally, emphasizing a strong online presence and a diverse product lineup to cater to fashion-forward consumers.
YTD Price Performance: -48.34%
Average Trading Volume: 270,490
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £287.1M
For detailed information about ASC stock, go to TipRanks’ Stock Analysis page.