Frasers Group builds stake in Burberry

Burberry, Bond Street

Source: GettyImages/iStock/whitemay

Frasers Group has acquired shares in Burberry as the retail giant continues its pursuit of luxury brands.

The Flannels and Sports Direct owner is currently engaged in a takeover attempt of German fashion brand Hugo Boss, of which it owns 30.28% and is its largest shareholder.

 

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