Frasers Group tops up Hugo Boss stake
Mike Ashley’s retail empire Frasers Group has increased its stake in the luxury fashion brand Hugo Boss.
Frasers Group announced today in a statement on the London Stock Exchange that it has upped its investment in the business, bringing its shares in the company to a total of €360m (£305m).
Frasers Group said it now holds 2.47% of Hugo Boss’ total share capital as well as 13.92% of “common stock via the sale of put options”.
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