IN BRIEF: Frasers ups stake in Marks Electrical to over 10%

Marks Electrical Group PLC - Leicester, England-based electrical products retailer - Frasers ...

Alliance News 17 March, 2025 | 3:30PM
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Marks Electrical Group PLC - Leicester, England-based electrical products retailer - Frasers Group PLC has raised its stake to 10.47% from 8.08%, according to a regulatory disclosure. Frasers now owns approximately 11.0 million Marks shares as of Friday.

Frasers, the Shirebrook, England-based owner of the House of Fraser, Sports Direct and Flannels retail chain and its majority owner Mike Ashley are known for collecting stakes in other UK retailers. These have tended to be clothing and fashion retailers, including stakes in both boohoo Group PLC and Asos PLC, which are online fast-fashion rivals, and in handbag maker Mulberry Group PLC. However, in 2023, Fraser also bought a sizeable stake in online appliances retailer AO World PLC and electronics retailer Currys PLC.

Marks Electrical Group stock price: 55.30 pence, down 1.3% in London on Monday for GBP58.0 million market capitalisation

12-month change: down 22%

Frasers stock price: 632.50 pence, up 1.5% on Monday for a market cap of GBP2.84 billion

12-month change: down 20%

By Eva Castanedo, Alliance News reporter

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Copyright 2025 Alliance News Ltd. All Rights reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
AO World PLC 97.80 GBX -1.01 -
Mulberry Group PLC 92.50 GBX 0.00 -
Currys PLC 88.10 GBX 2.26 -
Frasers Group PLC 633.50 GBX 1.69 -
Boohoo Group PLC 26.20 GBX 0.61 -
ASOS PLC 240.00 GBX -4.00
Marks Electrical Group PLC Ordinary Shares 56.00 GBX 0.00 -

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