Just where is Frasers Group’s Mike Ashley going with his latest share accumulation in ASOS (LON:ASC), he now holds nearly 10% of the equity and is unlikely to stop there.
During the pandemic, the group saw a jump in revenue, from £2.7bn in 2019 to £3.3bn in 2020 and £3.9bn in 2021 and similar in 2022.
However, after years of significant growth in its sales, the group is now getting into trouble on quite a few fronts.
The group is under pressure
To strengthen its balance sheet and shake up its buying and merchandising, the group recently raised £75m to support its turnaround plan, ...
