Frasers Group picks up 4.5% stake in N Brown
Sports Direct and House of Fraser owner Frasers Group has picked up a 4.5% stake in online clothing retailer N Brown, according to a regulatory filing on Tuesday.
Brown (N.) Group
15.00p
16:29 22/04/24
5.82%
0.83p
Frasers Group
798.00p
16:40 22/04/24
1.72%
13.50p
FTSE 100
8,023.87
17:09 22/04/24
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FTSE 350
4,408.19
17:14 22/04/24
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FTSE AIM All-Share
749.18
16:54 22/04/24
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FTSE All-Share
4,362.60
16:44 22/04/24
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General Retailers
3,913.76
17:14 22/04/24
1.27%
49.12
Earlier this year, Frasers bout Lancashire-based Studio Retail Group out of administration for £26.8m. It also rescued Manchester-based fast-fashion retailer Missguided from administration in a £20m deal.
N Brown owns JD Williams, Simply Be and Jacamo. Frasers also owns Jack Wills, Evans Cycles, and Flannels, along with I Saw it First, which it bought in July for an undisclosed sum.
At 1550 BST, N Brown shares were up 9.8% at 23.61p.