Frasers Group (FG) has acquired further shares in Hugo Boss. Its stake of 3,025,000 shares of common stock amount to 4.3 per cent of the fashion business’ total share capital, which with 20,089,000 shares of common stock via the sale of put options, represents 28.5 per cent.
In a statement to the London Stock Exchange, FG said: “Frasers Group continues to see opportunities that strengthen its brand proposition and the recent acquisitions of Studio Retail Limited and Misguided are examples of its drive to expand and acquire businesses and brands that can strengthen Frasers Group and the connection to our consumers. Frasers Group has extensive ambitions to grow the business inside and outside of the UK and is constantly exploring the potential for further expansion.”
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