THE WHAT? Frasers has disclosed an 8.9 percent stake in Currys and 5.01 percent stake in Boohoo, according to a report published by Reuters.

THE DETAILS The sportswear group previously known as Sports Direct said that there was potential for synergies and collaborations with Boohoo via its Missguided and I Saw It First brands. Its investment in Currys follows the purchase of a 21.3 percent stake in online electricals retailer AO World and is part and parcel of the UK retailer’s mission to build a ‘foothold’ in the electricals industry.

THE WHY? Frasers said that the holdings were aligned with its strategy to hold ‘supportive’ positions in ‘attractive’ companies, Reuters reveals. In a statement seen by Reuters, the company said, “Driving growth through strategic investments is a core part of Frasers’ DNA.”