Frasers increases stakes in Currys and N Brown
Frasers Group has upped its stakes in electronics retailer Currys and online retailer N Brown Group.
The retail group purchased a number of shares in Currys to raise its stake from 10.4% to 11.1%, while upping its 17.6% stake in N Brown Group to 18.1%.
The purchases may not come as a surprise, with Frasers Group seemingly employing an eager approach to snapping up large stakes in retailers.
In June, the group doubled its investment in Currys, while also taking a stake in Boohoo, which itself is facing a stock-market dogfight with Revolution Beauty.
Frasers Group has also recently upped its stake in fashion retailer ASOS, as well as online electrical specialist AO World.
The group has also made a spate of acquisitions over the last year, picking up brands such as Gieves and Hawkes, Amara Living, and a number of JD Sports brands.
Frasers Group has also picked up shopping centres in Luton and Dundee, as well as a retail park in Livingston in recent months.