Hugo Boss Shares Jump on Frasers' $2 Billion Takeover Offer
Hugo Boss shares surged after its top shareholder, Frasers, launched a $2 billion takeover offer for the fashion company. Hugo Boss announced it would thoroughly examine the proposal.
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Hugo Boss shares jump as it says it will ‘thoroughly examine’ Frasers offer
Mike Ashley retail group made near-€2bn takeover bid for fashion house, in which it already has 26% stake Business live – latest updates Shares in Hugo Boss jumped nearly 7% on Thursday after it said it would “thoroughly examine” a near-€2bn takeover offer from Sports Direct owner Frasers Group. Mike Ashley’s fashion and sportswear group has pounced on the German fashion house, of which it already owns just over 26%, saying late on Wednesdaythat it was offering to pay about €1.98bn (£1.73bn...
By Julia Kollewe
Read full article →Hugo Boss pops 7% after top shareholder Frasers launches $2 billion takeover offer
British retail group Frasers owns a roughly 26% stake in Hugo Boss.
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