Frasers Group takes control of Hugo Boss with a 50.08% stake

FinanceInternationalBloomberg LíneaOct 24, 2026, 1:06 PM40 s readAI summary

Frasers Group, the retail group of British billionaire Mike Ashley, raised its stake in Hugo Boss to 50.08% after buying another 198,666 shares at the price of its previous offer, for 7.63 million euros (US$8.6 million). As a result, the German brand becomes a subsidiary of the group that owns Sports Direct, Flannels and House of Fraser, and its earnings will be consolidated into Frasers' accounts. Boss closed Friday at 38.41 euros per share, with a market capitalization of just over 2.6 billion euros.

In 40 seconds

Frasers raised its stake in Hugo Boss to 50.08% and turns it into a subsidiary of Mike Ashley's group.
The latest purchase was 198,666 shares at the price of the previous offer, for 7.63 million euros (US$8.6 million).
Boss closed at 38.41 euros per share, with a market capitalization of just over 2.6 billion euros.

Read the full story at Bloomberg Línea

IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.

Hugo Boss
Frasers Group
Mike Ashley
moda
adquisiciones

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Frasers Group takes control of Hugo Boss with a 50.08% stake

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