Mike Ashley’s Frasers loosens grip on Burberry

Mike Ashley’s Frasers loosens grip on Burberry

Mike Ashley’s Frasers Group has loosened its grip on Burberry, despite ramping up its pursuit of high-fashion names. The retail giant, which owns Sports Direct and Flannels, had built up a position in Burberry over recent weeks but has now faltered in its pursuit of the group.  Frasers Group had increased its position in Burberry [...]