What: Frasers Group has increased its stake in N Brown, an online fashion retailer, by 5.04%.

Why it is important: One month after its initial buy-in to N Brown, Frasers has increased its stake in the online fashion retailer by 5.04%, adding to the list of companies that the group has been investing in.

N Brown’s revenues dropped 4.6% (347.4 million pounds in Q3), while its pre-tax profit dropped 82.4% to 4.3 million pounds. It joins a growing number of struggling retailers Frasers Group has bought stake in. Frasers has recently acquired Missguided, Studio Retail and ISawItFirst, while it continues to increase its stake in Hugo Boss.

Frasers Group ups stake in N Brown