{"id":2585,"date":"2026-08-18T20:58:34","date_gmt":"2026-08-18T20:58:34","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=2585"},"modified":"2026-08-18T20:58:34","modified_gmt":"2026-08-18T20:58:34","slug":"frasers-close-to-taking-control-of-hugo-boss-daily-business","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=2585","title":{"rendered":"Frasers close to taking control of Hugo Boss \u2013 Daily Business"},"content":{"rendered":"

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Target: Hugo Boss came close to being acquired by Frasers<\/em><\/figcaption><\/figure>\n

Frasers Group has increased its shareholding in Hugo Boss, but fell short of taking full control of the German fashion house. <\/p>\n

The owner of House of Fraser, Sports Direct and Flannels brands, which last week added luxury department store chain Harvey Nichols, has been pursuing a voluntary public takeover offer of the Metzingen-based company.<\/p>\n

Today it said it had received acceptances for almost 18% of Hugo Boss shares, taking its total holding to 48%.<\/p>\n

In June, Frasers made a cash bid of \u20ac38 per share, valuing Hugo Boss at nearly \u20ac2bn (\u00a31.73bn).<\/p>\n

But the German company\u2019s board told shareholders to reject the offer saying it was \u201cinadequate from a financial point of view\u201d. It represented only a 4% premium to Hugo Boss\u2019s shares at the time.<\/p>\n

Frasers, which is 73%-owned by Mike Ashley, has stocked Hugo Boss products in its stores for some years and has been raising its holding since first taking a stake in the group in June 2020.<\/p>\n

Its interest in the luxury end of the retail market has also seen it take a large stake in the British handbag maker Mulberry and become the fifth-biggest shareholder of Burberry, taking a 4.2% stake last month that was worth about \u00a3160m.<\/p>\n

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