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Frasers Group PLC on Wednesday announced a voluntary public takeover for Hugo Boss AG, in which it holds an around 26% stake. The Shirebrook, England-based owner of the House of Fraser, Sports Direct and Flannels brands said it intends to offer €38.00 per share, or €1.98 billion in total, to acquire remaining stake in the Metzingen, Germany-based fashion company. The deal would see Frasers acquire 73.94% of Hugo Boss’ share capital, or 73.42% excluding treasury shares of voting rights. Frasers expects to complete the transaction in the second half of this year. The offer will not be subject to a minimum acceptance threshold. In a statement, Frasers said it remains supportive of Chair Stephan Sturm and Chief Executive Officer Daniel Grieder amid Hugo Boss’s ‘pursuit of their sustainable growth strategy whilst continuing to build brand equity.’ Frasers said it believes increasing its investment will create value for shareholders. Frasers CEO Michael Murray is a member of the supervisory board of Hugo Boss and did not participate in the offer decision, the company said. Frasers closed up 4.1% at 771.00 pence in London on Wednesday. Hugo Boss ended up 0.6% at €36.46 in Frankfurt. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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