Frasers Group Increases Stake in Hugo Boss, Nearing Majority Control
Mike Ashley's Frasers Group has significantly increased its stake in luxury fashion brand Hugo Boss to 48%, tightening its hold on the company, though it narrowly missed achieving a majority stake. This move follows previous bids and demonstrates Frasers Group's growing influence over Hugo Boss.
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Mike Ashley’s Frasers lifts stake in Hugo Boss to 48%
UK retail group pushes deeper into luxury sector
Read full article →Sports Direct owner Mike Ashley tightens hold on Hugo Boss
Frasers Group increases stake in German fashion house to 48%, after buying Harvey Nichols chain last week The retail billionaire Mike Ashley has given the latest indication that his summer shopping spree may be far from over, after he increased his stake in the luxury giant Hugo Boss to nearly half. Ashley’s Frasers Group, which last week bought Harvey Nichols department stores for a reported £40m, increased its shareholding in the German fashion house to 48%, falling short of taking full ...
By Alex Daniel
Read full article →Frasers ups stake in Hugo Boss after bidding to buy entire brand
The retail giant behind Sports Direct and House of Fraser said it had increased its shareholding of the German fashion brand to nearly 48%.
By Anna Wise
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