Frasers Group Acquires Controlling Stake in Hugo Boss

Frasers Group has acquired an additional 198,666 shares in Hugo Boss for about 7.6 million euros, increasing its total stake to 50.08% of the company's capital, which amounts to approximately 34.5 million shares. This majority ownership allows Frasers Group to consolidate Hugo Boss's financial performance into its own accounts. The acquisition is part of Frasers Group's strategy to enhance its presence in the premium and luxury retail sectors.