Frasers Group has substantially increased its investment in the German fashion giant Hugo Boss.
- Frasers Group now holds 5.6 million shares of common stock in Hugo Boss, constituting 7.99% of the company’s share capital.
- In addition, Frasers Group holds 9.7 million shares via put options, equating to 13.81% of the company’s share capital.
- The total investment by Frasers Group in Hugo Boss stands at approximately £415 million, a significant increase from £305 million in May.
- Frasers Group initially acquired a 5.1% stake in Hugo Boss in June 2020 through stocks and derivatives.
Frasers Group has fortified its investment position in Hugo Boss, a leading German premium fashion brand. The company now owns 5.6 million shares of common stock, representing 7.99% of Hugo Boss’ total share capital.
In a strategic move to enhance its stake, Frasers Group acquired 9.7 million shares through the sale of put options. This acquisition through derivatives amounts to 13.81% of Hugo Boss’s total share capital, showcasing the group’s aggressive investment strategy.
The latest investment elevates Frasers Group’s total stake in Hugo Boss to approximately £415 million, up from £305 million at the end of May. This substantial increase underscores Frasers Group’s confidence in Hugo Boss and its potential for growth in the competitive fashion market.
Initially, Frasers Group made its foray into Hugo Boss by purchasing a 5.1% stake in June 2020, utilising a combination of stocks and derivatives. This initial investment has now expanded significantly, establishing Frasers Group as a major shareholder in Hugo Boss.
Frasers Group’s strategic increase in its investment highlights its commitment to strengthening its foothold in the international fashion industry.
