UK's Frasers Group increases stake in Hugo Boss to €960 mn

Frasers Group has the following interests in the common stock: 3,025,000 shares of common stock, representing 4.3 per cent of Hugo Boss’s total share capital and 20,089,000 shares of common stock via the sale of put options, representing 28.5 per cent of Hugo Boss’s total share capital, according to a press release by Fraser’s Group.

Frasers Group has a long history (over twenty years) of making strategic investments to develop relationships and partnerships with other retailers, suppliers, and brands, including by way of acquisitions of shares, options, contracts for difference, and other financial instruments.

The strategic investments Frasers Group makes offer new opportunities for the company, whilst also helping to support the long-term future of the existing retail businesses, and the many thousands of jobs they sustain.

Frasers Group continues to see opportunities that strengthen the group’s brand proposition, and its recent acquisitions include that of Studio Retail Limited (with its significant knowledge and experience in consumer credit) and Missguided (with its focus on womenswear and its digital platforms).

Frasers Group’s board of directors believe that the acquisition of direct and/or indirect strategic stakes within Hugo Boss, are in the ordinary course of business of the company.

ALCHEMPro News Desk (NB)