Frasers Offers €1.98 Billion to Acquire Remaining Hugo Boss Shares
Frasers, which already holds just over 25 percent of Hugo Boss, proposed buying the rest of the German fashion company for €1.98 billion. The offer values Hugo Boss at €38 per share. Hugo Boss said it will examine the unsolicited bid and issue a statement.
The BbcFrasers made an offer to purchase all remaining shares in Hugo Boss for €1.98 billion, equivalent to £1.73 billion. The retail group already owns just over a quarter of the German fashion brand after steadily increasing its stake since 2020. The proposed price of €38 per share exceeds the €36.5 closing price recorded on Wednesday.
Frasers stated that it expects the transaction to close by the end of the year if regulatory approvals are obtained.
German regulations require a formal offer once ownership approaches 30 percent. Frasers reached that threshold through gradual purchases rather than a single acquisition. Hugo Boss described the bid as unsolicited and said it had not been coordinated with the company.
The firm added that it will inform shareholders and the public about further developments. Frasers said it maintains a long-term investment approach and remains supportive of Hugo Boss leadership. The group owns House of Fraser, Game, Jack Wills and Evans Cycles.
Frasers holds the largest stake in Boohoo but has opposed several company proposals, including a name change to Debenhams. Last year Frasers used its voting rights to block the formal rebranding at Companies House.
