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Mike Ashley’s Frasers Builds Stakes in Burberry, Under Armour

Summary by City AM
Despite Frasers Group’s up-market ambitions, Mike Ashley appears unlikely to abandon the sportswear market which kickstarted his career.

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The Frasers Group purchased a stake in the American manufacturer of Under Armour sports articles, in one more development of the series of operations that make up the expansion strategy of the British retailer. Exclusive material for subscribers. To have full access, access the link of the material and make your registration.

·Rio de Janeiro, Brazil
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Frasers Group, a British fashion and sport group, increases its participation in Under Armour and Burberry Frasers Group's most recent operation consists of acquiring a stake in the sport giant Under Armour and expanding its position in Burberry, two relevant companies in their respective categories. According to a document presented to the United States Securities and Exchange Commission (SEC) on October 1, the British group... Read more » This…

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WWD broke the news in New York, United States on Monday, October 5, 2026.
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