Mike Ashley's Frasers increases stake in Hugo Boss to 48% after takeover bid

Frasers has upped its stake in Hugo Boss as Mike Ashley vies for full control of the German fashion brand to accelerate his push into the luxury sector.

Frasers has upped its stake in Hugo Boss as Mike Ashley vies for full control of the German fashion brand to accelerate his push into the luxury sector.

The move to buy more shares in Hugo Boss comes hot on the heels of Frasers’ acquisition of Harvey Nichols

Frasers Group increases stake in German fashion house to 48%, after buying Harvey Nichols chain last week Business live – latest updates 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

The retail giant behind Sports Direct and House of Fraser said it had increased its shareholding of the German fashion brand to nearly 48%.

Frasers Group has pushed up its stake in Hugo Boss to nearly half of the company, though Mike Ashley’s group misses out on full control of the luxury fashion brand. The Sports Direct owner has increased its portion of the German fashion house to nearly 48 per cent after offering €38 for every share in…

Frasers Group Increases Hugo Boss Stake to 48% After Offer Period  WSJ