Frasers Group has increased its investment in Hugo Boss.
In a statement issued to the London Stock Exchange this morning (24 October), the Shirebrook-headquartered retail group reported it now holds 4.3% of the iconic clothing giant’s total share capital and 20,089,000 shares of common stock via the sale of put options, representing 28.5% of Hugo Boss’s total share capital
This brings Frasers Group’s maximum aggregate exposure in connection with its acquired interests in Hugo Boss, with the common stock holding valued at the closing share price on 21 October 2022, to approximately £840m.
The board state that strategic investments Frasers Group makes offer new opportunities for The Company, whilst also helping to support the long-term future of the existing retail businesses, and the many thousands of jobs they sustain.
The news follows the firm’s recent acquisitions of Studio Retail Limited and Missguided. Frasers has extensive ambitions to grow the business internationally and this latest acquisition will help further that ambition.
