By Michael Susin
N. Brown said Monday that Frasers Group has increased its shareholding in the clothing-and-footwear retailer to 20.02% from 19.36%.
Following the increase, U.K. sports-fashion retailer Frasers holds a total of 92.8 million of N. Brown shares, representing a total value of 16.1 million pounds ($20.3 million) based on Friday’s closing price of 17.33 pence a share.
The previous share increase was reported in August, when Frasers increased its stake from 18.91%.
Write to Michael Susin at michael.susin@wsj.com
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