Sports Direct billionaire Mike Ashley sets sights on owning Hugo Boss after failed £1.7billion bid

MIKE Ashley’s Frasers Group has said it plans to take majority control of German fashion house Hugo Boss. The Sports Direct owner confirmed it has built up its stake in the luxury business to 47.89% of the business after recent deals to acquire extra shares. On Tuesday, the retail group – which recently snapped up...

Mike Ashley's Frasers Group is plotting to buy more shares and take majority control of Hugo Boss as it reconsiders its support for the firm's chair.

Aseries of recent stock acquisitions has enabled the Sports Direct owner to expand its overall holding in the luxury business

The Sports Direct owner said it had an objective to take its stake above 50% of the overall share capital and voting rights of the business.

The Sports Direct owner said it had an objective to take its stake above 50% of the overall share capital and voting rights of the business.

Mike Ashley’s Frasers Group is weighing up a move to oust a boardroom chair at Hugo Boss as it laid out fresh plans to grow its stake in the German fashion house. The retail group, which was founded by the British billionaire, told investors on Tuesday that it wants to control more than half of…