Clothing & Shoes
Frasers Group increases N Brown stake
N Brown saw its sales fall to £249.m for the 18 weeks ended 31 December after a ‘difficult trading environment’
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The Frasers Group has increased its shareholding in clothing and footwear retailer N Brown to become its second largest shareholder.
The Sports Direct owner has increased its holdings in the company up to 17.88% according to LSE filings.
This move makes Frasers the second largest shareholder in the company after Lord David Alliance, who bought the company in 1968.
Frasers has made this move just three months after increasing its stake in the company for the first time.
N Brown saw its sales fall to £249.m for the 18 weeks ended 31 December after a “difficult trading environment”.
