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Benzinga
Benzinga
Business
Shivani Kumaresan

British Retailer Frasers Boosts Investment In Hugo Boss

Hugo Boss (Organization) ”Fraser Frasers (Organization) Flannels House of Fraser Hugo Boss AG Intellectual Property Luxury
  • British retail and intellectual property group Frasers Group PLC (OTC:SDIPF) has increased its investment in Hugo Boss AG (OTC:BOSSY), the German luxury fashion brand, to €900 million.
  • Frasers noted the increased position reflects its belief in the Hugo Boss brand, strategy, and management team. 
  • Fraser now holds 3.4 million shares of common stock, representing 4.9% of Hugo Boss's total share capital, and 18.3 million shares of common stock through the sale of put options, representing 26.0% of Hugo Boss's total share capital.
  • Hugo Boss is a supplier to the group's House of Fraser department store and Flannels chains.
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