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Mike Ashley's Frasers offers £1.73bn to buy all of Hugo Boss
Key takeaways
- Mitchell Labiak Business reporter Getty Images Businessman Mike Ashley's Frasers has made a takeover offer for German fashion brand Hugo Boss.
- The retail group already owns just over a quarter of Hugo Boss, having steadily built up the stake since 2020, but said on Wednesday it wanted to buy the rest of it for €1.98bn (£1.73bn).
- Hugo Boss said it would "thoroughly examine the offer and issue a reasoned statement".
Why this matters: a developing story that could shape the day's news cycle.
Mitchell Labiak Business reporter Getty Images Businessman Mike Ashley's Frasers has made a takeover offer for German fashion brand Hugo Boss.
The retail group already owns just over a quarter of Hugo Boss, having steadily built up the stake since 2020, but said on Wednesday it wanted to buy the rest of it for €1.98bn (£1.73bn).
Hugo Boss said it would "thoroughly examine the offer and issue a reasoned statement".
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