Frasers Group Buys Stake in Under Armour
Frasers Group has acquired a stake of 16.6 million shares, representing 8.8% of the company, in sportswear brand Under Armour as part of its expansion strategy.
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Frasers Group has acquired a stake of 16.6 million shares, representing 8.8% of the company, in sportswear brand Under Armour as part of its expansion strategy.
Frasers Group has acquired an 8.8% stake in US sportswear brand Under Armour, according to a regulatory filing. The company holds just under 16.6 million shares, valued at approximately $80.1 million based on Tuesday's closing price.