21 Hrs
Source:
The Guardian
IMF chief warns of growth risks
The article reports that billionaire Mike Ashley’s Frasers Group has acquired an 8.8% stake in Under Armour, totaling around $80 million based on recent share prices. This move continues Frasers' pattern of investing in struggling sportswear brands and expanding its portfolio, which already includes stakes in Puma and other retail businesses. The article also mentions broader market dynamics, such as rising bond yields, inflation pressures, and economic policies affecting global markets.
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