193 Frasers Group (formerly Sports Direct) has acquired shares in premium fashion brands of JD Sports for £47.5 million ($57.7 million) using existing cash resources. The acquisition includes shares in brands such as Pretty Green, Cricket, and Topgrade Sportswear, and the deal for eight of the businesses and all debt owed by the divested brands to JD Sports has closed immediately, with completion for the remaining businesses expected early next year. Frasers has recently increased its stake in Hugo Boss and acquired a 5% stake in ASOS. You Might Be Interested In Uber Launches Exclusive Champagne Tour Experience with Uber Bubbles in France Genuine Parts Company Appoints James F. Howe as President of Motion Shein Reportedly Files Confidentially for US IPO, Aiming to Raise Billions Policy Rate Raised by 25 Basis Points, Private Credit Growth Target Reduced to 10% First Atkins Group completes land purchase for its 8th cold storage Nvidia’s Growth in AI Chips Doesn’t Depend on China