Mike Ashley’s Frasers makes €1.98bn takeover offer for Hugo Boss

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Mike Ashley’s retail group, Frasers, has made a €1.98 billion offer to take full ownership of the German luxury fashion brand Hugo Boss. Currently holding a 26% stake, Frasers aims to acquire the remaining shares to gain complete control of the company.

Fashion and sportswear group, which owns 26% of the German luxury brand, is now seeking full control Mike Ashley’s retail group, Frasers, has launched a near €2bn takeover offer for the German luxury fashion brand Hugo Boss. The fashion and sportswear group, which owns 26% of Hugo Boss, said it is offering to pay about €1.98bn (£1.73bn) for the remainder of the business to take full control. Continue reading...