Frasers Nets Stake in Under Armour in Latest Push Into Sportswear -- Update
By Andrea Figueras Frasers Group bought up a stake in embattled sportswear brand Under Armour, the latest deal in the British retailer's expansion strategy. The group--founded by billionaire Mike Ashley--bought 16.6 million shares in Baltimore-based Under Armour, representing 8.8% of the company, according to a filing.