Frasers said on Tuesday it has increased its stake in German luxury fashion house Hugo Boss to 15.2% through stocks and derivatives, part of Ashley's ongoing drive to take the British sportswear retailer upmarket.
Frasers Group saw lower sales in its first half, as would be expected given that most of its stores were closed for part of the period. But the fall was relatively small and the company’s profits rose.
N Brown’s half-year showed a “continued recovery and clear opportunity to accelerate [its] profitable growth strategy”, the company said on Thursday. It added that it’s launching a £100m equity fundraising.