By Andrea Figueras
British e-commerce retail company THG said that its partner Frasers Group holds a 4.8% stake in the company.
The U.K. retailer founded by Mike Ashley owns 63.1 million shares valued at 25.3 million pounds ($31.6 million) in the company, based on THG's closing price of 40 pence on Monday.
In June last year, Frasers said it would acquire THG's luxury-goods portfolio, including Coggles, for an undisclosed sum as part of a multiyear partnership between the two companies.
In line with the agreement, in October THG said that Frasers would invest 10 million pounds in the company.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
January 28, 2025 06:34 ET (11:34 GMT)
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