×
2 565
Fashion Jobs
URBN
Anthroplogie Visual Manager - Regent st, London
Permanent · LONDON
ESTEE LAUDER
Clinique - Consultant - Jollys, Bath - 7.5 Hours - Part Time, Permanent
Permanent · Bath
ESTEE LAUDER
la Mer - Business Manager - Selfridges, Exchange, Manchester - 37.5 Hours / 5 Days - Full Time, Permanent
Permanent · Manchester
ESTEE LAUDER
Clinique - Consultant - John Lewis, Cribbs Causeway - 13 Hours - Part Time, Permanent
Permanent · Patchway
ESTEE LAUDER
Tom Ford, Frederic Malle, by Kilian - Business Manager - Harvey Nichols, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
AESOP
Retail Consultant | Part Time, Permanent | New Aesop Battersea Power Station, London
Permanent · London
AESOP
Retail Consultant | Full-Time, Permanent | New Aesop Battersea Power Station, London
Permanent · London
BERSHKA
General Manager - Bershka Blanchardstown
Permanent ·
STRADIVARIUS
General Manager - Stradivarius Jervis
Permanent ·
STRADIVARIUS
Stradivarius General Manager Stratford
Permanent · LONDON
HEAD OFFICE
Commercial Buying Product Expert
Permanent · BRACKNELL
DEBENHAMS
CRM Assistant
Permanent · LONDON
HEAD OFFICE
Information Security Analyst (Cloud), Secure by Design
Permanent · BRACKNELL
AUTUMNPAPER LIMITED
Alexander Mcqueen Senior Performance Marketing Manager - 12 Month Ftc
Permanent · LONDON
DR. MARTENS
Retail Regional Manager - UK
Permanent · LONDON
BOOHOO GROUP
Warehouse Operative
Permanent · BURNLEY
VF INTERNATIONAL
Account Coordinator - Italian Speaking - Vans
Permanent · NOTTINGHAM
VF INTERNATIONAL
Senior Distribution Systems Specialist
Permanent · COALVILLE
VF INTERNATIONAL
dc Inventory Team Leader
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTEE LAUDER
la Mer, Bobbi Brown And Darphin - Consumer & Business Analyst
Permanent · London
Published
Feb 3, 2022
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Frasers Group adds to Studio Retail stake

Published
Feb 3, 2022

Less than a year after it cut its stake in Studio Retail from nearly 36% to around 27%, Frasers group has now increased its stake again, although only by a small percentage.


Studio Retail



And unlike some stakes that Frasers chief Mike Ashley has bought in retail businesses in recent years, he should have made a healthy profit here as the share price was significantly more than double its current level when he sold the stake in May last year. 

Studio Retail shares have fallen in recent days following a profit warning, which means he'd have picked up his new stake at a much lower price.

Frasers now has a holding in Studio Retail approaching 29%. It's unclear how much the company paid for the new shares but the price fell on Monday from £1.59 per share to be less than 93p at one point. Now, the shares have risen to over 117p, perhaps due to the news about the Frasers buy that was released on Thursday.

It's not necessarily a sign that Ashley is thinking of buying the business, as he’s well known for acquiring chunky-but-minority stakes in a number of retail companies. He also has major holdings in Hugo Boss and Mulberry.

However, it does perhaps signal that the share price fall following its profit warning was overdone and that while Studio Retail is facing a number of challenges at this moment, its long-term prospects are much brighter.

Copyright © 2022 FashionNetwork.com All rights reserved.