The British retailer Frasers Group Plc has further increased its stake in the Metzingen-based fashion group Hugo Boss AG. The company continues to hold 4.3 percent of Hugo Boss shares directly, but now has access to an additional 30.03 percent through financial instruments, the parent company of retail chains like Sports Direct, House of Fraser and Flannels and clothing brands like Jack Wills said and Missguided on Friday with. Including the latest put options, the company’s “maximum total exposure” to Hugo Boss is currently around one billion euros, the Frasers Group said.
The retail group joined the German fashion retailer in June 2020 and has continuously expanded its stake since then. The company has also made further investments in recent weeks. In October alone, it increased its stake in clothing retailer Asos Plc. to over five percent and acquired shares in the e-commerce company N Brown Group. The Frasers Group also acquired Australian online retailer MySale Group and sneaker and streetwear retailer Sneakerboy.