UK' Frasers Group announces significant stake in Hugo Boss AG

-  5,627,661 shares of common stock, representing 7.99% of Hugo Boss's total share capital

-  9,721,000 shares of common stock via the sale of put options, representing 13.81% of Hugo Boss's total share capital

After taking into account the net premium it will receive, Frasers Group's maximum aggregate exposure in connection with its net acquired interests in Hugo Boss, with the common stock holding valued at the closing share price on 10 July 2024, is approximately €490m (~$539m).

Note: The content of this press release has not been edited by Fibre2Fashion staff.

ALCHEMPro News Desk (RM)