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Frasers Group PLC - House of Fraser and Sports Direct chains owner based in Shirebrook - Says it has increased its investment in German fashion house Hugo Boss AG to around €475 million. Frasers now holds 3.1 million shares, representing 4.5% of Hugo Boss's total share capital, and 9.7 million shares via the sale of put options, representing 14% of shares in issue.
‘This investment reflects Frasers Group's belief in the Hugo Boss brand, strategy and management team. Frasers Group continues to intend to be a supportive stakeholder and create value in the interests of both Frasers Group's and Hugo Boss' shareholders,’ Frasers says.
Current stock price: 562.50 pence
12-month change: up 21%
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