The Frasers Group surpassed the threshold of 10 percent of the voting rights attached to shares in Hugo Boss AG on July 17, and the threshold of 15 percent on July 22 and currently directly holds over 15 percent of Hugo Boss AG, the clothing group announced on Monday.
Frasers Group continues to view its investment as a “strategic investment” and supports “the improvement of the capital efficiency of Hugo Boss AG in the sense of long-term value-oriented corporate management,” explained Hugo Boss.
The retail group acquired a stake in Hugo Boss in the summer of 2020, and is the parent company of chains such as Flannels, Sports Direct, and House of Fraser.
