Frasers Group increases stake in HUGO BOSS to 48.80 percent

Frasers Group has increased its direct shareholding and voting rights in HUGO BOSS to 48.80 percent as of October 16, up from 47.89 percent at the end of August. This move aligns with the company's previously announced strategy to increase its stake to a controlling interest of more than 50 percent.

While direct ownership has risen, the proportion of HUGO BOSS held through financial instruments, such as put options, decreased from 29.72 percent to 22.16 percent. When combining direct shares and these financial instruments, Frasers Group's total attributed interest in HUGO BOSS stands at 70.96 percent, down from 77.61 percent. The put options involved have expiration dates ranging from March 2027 to December 2029.

Frasers Group is owned by billionaire Michael Ashley, and its CEO, Michael Murray, has served as the chairman of the HUGO BOSS supervisory board since mid-September.