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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

YOU WONT BELIEVE: Frasers group becomes fourth largest stakeholder in asos | Mind Blowing Facts

Mike Ashley
Mike Ashley’s Frasers Group took a smaller stake in Asos earlier in the year. Photograph: Kirsty O’Connor/PA

Online fashion retailer Asos is poised to confirm that the billionaire retailer Mike Ashley has built up a stake of more than 5% in the company.

Asos’s statement to investors could come as soon as Monday morning, before the London Stock Exchange reopens after the weekend.

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