Frasers raises the stakes in Hugo Boss takeover
Frasers Group has increased its shareholding in Hugo Boss to more than 30%, marking a significant step in its bid to take full control of the German fashion brand.
The retail group has acquired a further 2,549,900 HUGO BOSS shares, representing approximately 3.69% of the company's share capital and voting rights, following the exercise of put options on 17 July.
The latest purchase takes Frasers' total holding to 20,897,361 shares, equivalent to around 30.28% of Hugo Boss' share capital and voting rights, excluding any additiona... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
