None
EN
Frasers increases Hugo Boss stake
['Katie Ross']
Latest Fashion & Retail Industry News | Trends & Insights - Drapers
Frasers now owns a total of 25,933,012 Hugo Boss shares.
On Tuesday (28 July), the window within which Hugo Boss can accept Frasers‘ takeover offer bid was extended until 13 August at 11pm BST.
AdvertisementFrasers first launched its €1.93bn (£1.68bn) takeover bid for Hugo Boss on 11 June, describing the offer as “final” two weeks later.
On 9 July, however, the Hugo Boss board “jointly and unanimously” recommended that shareholders do not accept Frasers’ offer.
There has been no update from Hugo Boss since then.