Frasers Group has once again upped its stake in ecommerce giant Boohoo.
The retail giant increased its stake from 6.8% to 7.8%, according to a regulatory disclosure on Monday.
The shareholding is worth about £39m, capital market company Market Watch reports.
The shares were bought on Friday when they closed at 39.37p.
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Just last week, Frasers revealed it had widened its holdings in Boohoo from 5% to 6.7%, after shares in the fashion retailer dropped amid ongoing tensions with Revolution Beauty.
At the time, Frasers explained that Boohoo was an “attractive proposition” due to its “laser focus on young female consumers”.
Frasers Group has recently been on an acquisition spree, purchasing shares in companies including AO, Currys and Asos.
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