Mike Ashley’s Frasers circles Burberry in latest luxury swoop

Mike Ashley’s Frasers Group is eyeing up a holding in Burberry as its latest push into luxury fashion.  Frasers has revealed that it holds the rights to a 4.2 per cent stake in the British fashion house, which would make Ashley’s group one of its biggest shareholders. The position is held through put options, which…

The FTSE 250 firm, which owns Sports Direct and House of Fraser, disclosed last night that it owns 4.1% of the British trench-coat maker.

Sports Direct owner discloses 4% position as it strives to establish itself in the luxury market