In a bourse update, Frasers Group, the owner of brands including House of Fraser, Sports Direct and Flannels, revealed it had taken a 4.54% stake in N Brown.

Frasers Group is currently in the running to acquire Australian fashion marketplace MySale.

Toward the end of last month the Missguided owner made a bid to acquire MySale for 2 pence per share, days after the latter’s shareholders were urged to reject a takeover bid on the basis it was unfairly valued.

Frasers Group said the move would allow it to increase its presence in Australia and New Zealand faster than it would via organic growth as it embarks on a bid to grow its business outside the UK and further international expansion through acquisitions, joint ventures, and organic openings.

The Group has been on an aggressive acquisition drive in recent months. In the fist half of June, it added its first fast-fashion pureplay to its roster by acquiring Missguided in a GBP20m deal.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Just Style.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Jacamo-owner, N Brown Group reported its first half results earlier this week in which it said it was looking to focus on tightly managing costs and margins following a fall in revenue and profits.