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Laura Ashley ups stake in Moss Bros

Laura Ashley has once again increased its stake in struggling menswear group Moss Group, to 5.05%.

Laura Ashley has bought 500,000 shares in Moss Bros which were acquired through a Laura Ashley subsidiary, Bagley Investments.

The company has slowly been increasing its stake in Moss Bros, after announcing last month that it had taken a 3.4% stake in the business.

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