The Frasers Group recently announced raising its stake in German fashion house Hugo Boss to 10.1 per cent through stocks and derivatives as part of his drive to take the UK sportswear retailer upmarket. It initially disclosed a 5.1 per cent stake on June 12, saying the investment reflected its growing ties with Hugo Boss and belief in its long-term future.
The group owned by Mike Ashley was earlier called Sports Direct.The Frasers Group recently announced raising its stake in German fashion house Hugo Boss to 10.1 per cent through stocks and derivatives as part of his drive to take the UK sportswear retailer upmarket. It initially disclosed a 5.1 per cent stake on June 12, saying the investment reflected its growing ties with Hugo Boss and belief in its long-term future.#
It said it now held 552,500 shares of common stock, representing 0.8 per cent of Hugo Boss’s total share capital, according to British media reports.
It also held 2,249,601 shares via contracts for difference and 4,260,000 shares via the sale of put options, together representing 9.3 per cent of the German company’s share capital.
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