UK's Frasers Group increases investment in German brand Hugo Boss

After considering the premium it will receive under the put options, Frasers Group's maximum aggregate exposure in connection with its acquired interests in Hugo Boss is approximately €900 million (c. £770 million), Frasers Group said in a media release.

This investment reflects Frasers Group's belief in the Hugo Boss brand, strategy and management team. Frasers Group continues to intend to be a supportive stakeholder and create value in the interests of both Frasers Group's and Hugo Boss' shareholders.

ALCHEMPro News Desk (KD)