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Bestseller ups its stake in Asos to more than 20%

Danish brands house Bestseller has once again increased its stake in etailer Asos and now owns just over 20% of the company.

Bestseller, which owns brands including young fashion brands Jack & Jones and Vero Moda, increased its stake in the etailer from 18.3% to 20.3%.

Bestseller has increased its share in Asos over recent months prompting speculation that it may attempt a takeover of the etailer, a claim the retailer has previously rejected.

For the six months to December 31, Asos’ retail sales soared 59% to £100m.

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