Frasers Plans Majority Stake in Hugo Boss
British retail group Frasers announced plans to increase its stake in Hugo Boss to more than 50 percent. The company is currently the fashion house's largest shareholder with a 48 percent holding. Frasers also stated it is reviewing its support for the Hugo Boss chairman.
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Frasers Group plans to raise its stake in Hugo Boss to more than 50% following a failed €2 billion takeover bid in June. The British retail group already holds 48% of the Germany-based fashion house. Passing the majority ownership threshold would fundamentally alter Frasers' financial reporting complexity.
