British Billionaire Mike Ashley buys 8.8% of Under Armour, a stock that has lost 90% since 2016

Billionaires Africa | 06.10.2026 16:23
British billionaire Mike Ashley has bought 8.78% of Under Armour, adding the fading American sportswear brand to a portfolio of distressed names his Frasers Group has assembled this year, according to a filing with the U.S. Securities and Exchange Commission.