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Frasers Group PLC on Thursday confirmed that its offer price for Hugo Boss AG is final and will not be increased. Earlier this month, Frasers announced a voluntary public takeover offer for Hugo Boss, in which it holds an around 26% stake. The Shirebrook, England-based owner of the House of Fraser, Sports Direct and Flannels brands offered €38.00 per share, or €1.93 billion in total, to acquire the remaining stake in the Metzingen, Germany-based fashion company. On Thursday, Frasers said the offer price is final and declared that it will not increase the offer price during the acceptance period and additional acceptance period. Earlier in June, Frasers said it expects to complete the transaction in the second half of this year. The offer will not be subject to a minimum acceptance threshold. Shares in Frasers were up 1.3% at 735.50 pence on Thursday afternoon in London. Hugo Boss shares were up 0.1% at €37.73. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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