THE RETAIL BULLETIN - The home of retail news
Lest we forget
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
THE Retail Conference
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Fraser Group reduces stake in Hugo Boss

The owner of Sports Direct and House of Fraser has reduced its stake in Hugo Boss after previously upping its investment into the luxury fashion house…. View Article

FASHION RETAIL NEWS UK

Fraser Group reduces stake in Hugo Boss

The owner of Sports Direct and House of Fraser has reduced its stake in Hugo Boss after previously upping its investment into the luxury fashion house.

Frasers Group said it now owns 3.9% of Hugo Boss’s total share capital, a decline from the 4.3% that it previously owned.

The retail empire, headed up by billionaire entrepreneur Mike Ashley, has been pursuing ambitious growth and expansion plans in recent months.

On Friday, Frasers revealed its maximum exposure in Hugo Boss had dropped to around £580 million.

Hugo Boss, which is listed on Germany’s Frankfurt Stock Exchange, has enjoyed a boost in its share price since Frasers last upped its stake. Over the past month, its share price has gone up by nearly a tenth.

Frasers said it now owns 3.9% of Hugo Boss’s shares while it also has a 25% interest via put options, down from the 28.5% it previously had.

Shares in Frasers Group were down by around 1 per cent at lunchtime on Friday.

 

Subscribe For Retail News