Mike Ashley’s Frasers Group takes £10m stake in online retailer THG
Move is part of THG raising £95.4m to fund demerger of lossmaking technology arm Ingenuity Mike Ashley’s Frasers Group has become an investor in online retailer THG as part of a near-£100m fundraising to spin off the lossmaking technology arm Ingenuity. Frasers, which owns Sports Direct, Evans Cycles, the House of Fraser department stores, the…