Frasers has increased its stake in Burberry from 3.05% ​as of 24 July, as it attempts to further reposition its offer. Frasers first launched its €1.93bn (£1.68bn) takeover bid for Hugo Boss on 11 June, an amount it then described as “final” two weeks later. However, on 9 July, the Hugo Boss board “jointly and unanimously” recommended that shareholders did not accept Frasers’ offer. AdvertisementOn Tuesday (30 July), it was announced that Frasers’ Hugo Boss takeover bid has received merger control clearance from the European Commission, meaning that the offer is now “unconditional”. Frasers Group has been contacted for comment.