{"id":13925,"date":"2026-08-18T21:36:06","date_gmt":"2026-08-18T21:36:06","guid":{"rendered":"https:\/\/stock999.top\/?p=13925"},"modified":"2026-08-18T21:36:06","modified_gmt":"2026-08-18T21:36:06","slug":"frasers-close-to-taking-control-of-hugo-boss-daily-business","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=13925","title":{"rendered":"Frasers close to taking control of Hugo Boss \u2013 Daily Business"},"content":{"rendered":"<p>            <\/p>\n<p>Target: Hugo Boss came close to being acquired by Frasers<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Frasers Group has increased its shareholding in Hugo Boss, but fell short of taking full control of the German fashion house. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The owner of House of Fraser, Sports Direct and Flannels brands, which last week added luxury department store chain Harvey Nichols, has been pursuing a voluntary public takeover offer of the Metzingen-based company.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Today it said it had received acceptances for almost 18% of Hugo Boss shares, taking its total holding to 48%.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">In June, Frasers made a cash bid of \u20ac38 per share, valuing Hugo Boss at nearly \u20ac2bn (\u00a31.73bn).<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">But the German company\u2019s board told shareholders to reject the offer saying it was \u201cinadequate from a financial point of view\u201d. It represented only a 4% premium to Hugo Boss\u2019s shares at the time.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Frasers, which is 73%-owned by Mike Ashley, has stocked Hugo Boss products in its stores for some years and has been raising its holding since first taking a stake in the group in June 2020.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Its interest in the luxury end of the retail market has also seen it take a large stake in the British handbag maker Mulberry and become the fifth-biggest shareholder of Burberry, taking a 4.2% stake last month that was worth about \u00a3160m.<\/p>\n<p class=\"wp-block-paragraph\">Daily Business Bulletin:\u00a0Subscribe here for our free morning bulletin of breaking news<\/p>\n<p>           \t            #Frasers #close #control #Hugo #Boss #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Target: Hugo Boss came close to being acquired by Frasers Frasers Group has increased its&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[1034,272,1419,578,306,14444,17201,12595,14445],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/13925"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13925"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/13925\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}