Frasers Group increases stake in troubled e-commerce firm THG, acquiring a nearly 5% share.

Frasers Group, led by Mike Ashley, has increased its stake in THG, an e-commerce company facing financial challenges since its 2021 IPO. THG is restructuring by separating its tech division and selling parts of its luxury business. Frasers now owns nearly 5% of THG after a recent investment and the acquisition of some of THG's luxury goods websites. THG aims to return to growth this year.

2 months ago
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