Hugo Boss Shares Surge as Frasers Weighs Near £1.7bn Takeover Move
6 Articles
6 Articles
The German fashion house Hugo Boss has skyrocketed this Thursday by 9 percent in stock exchange after Frasers' opa.
Fashion on the stock exchange is back in fashion. The British Frasers Group wants to take over fashion manufacturer Hugo Boss from Metzingen. Analysts call the offer not particularly attractive. The share is rising.
Hugo Boss shares surge as Frasers weighs near £1.7bn takeover move
Hugo Boss shares jumped nearly 10 per cent on Thursday after the German fashion group said it would examine a near-€2bn takeover approach from Frasers Group. The Sports Direct owner, which already holds just over 26 per cent of Hugo Boss, made an offer late on Wednesday worth around €1.98bn, or £1.73bn, to take full control of the business. Frasers has offered €38 a share in cash, representing a 4.3 per cent premium to Hugo Boss’ closing share p…
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Frasers Group's Hugo Boss bid marks 'natural next step' in elevation, say experts
Drapers Frasers Group’s Hugo Boss bid marks ‘natural next step’ in elevation, say experts Retail analysts share their views on Frasers Group's planned takeover of Hugo Boss, and the implications for both businesses in the event of its success.The post Frasers Group’s Hugo Boss bid marks ‘natural next step’ in elevation, say experts appeared first on Drapers.
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