Στα χέρια του Ομίλου Frasers η Hugo Boss
Frasers said the move will make Hugo Boss a subsidiary and add its earnings, assets and liabilities to the retailer’s accounts.
- On Friday, British retailer Frasers Group raised its stake in Hugo Boss to more than 50%, securing majority control of the German fashion house. The acquisition involved purchasing additional shares for about €7.6 million.
- Replacing former chairman Stephen Sturm with Frasers CEO Michael Murray, the group pursued this strategy following a failed €2 billion takeover bid in June. This move fulfills a plan set earlier this year.
- Hugo Boss' earnings, assets, and liabilities will now be consolidated into Frasers' accounts. The fashion house reported €1.8 billion in revenue and €272.0 million in EBITDA for the six-month period ended June 30.
- The German company becomes a subsidiary of the British retailer, though a spokesperson noted crossing the 50% threshold would not have major implications. Frasers funded the transaction from existing cash resources.
- This acquisition aligns with Frasers' push into premium luxury, highlighted by the recent unveiling of Frasers Group Luxury. The group also holds stakes in Burberry, Puma, and Asos.
18 Articles
18 Articles
A British holding company has taken over the German fashion house Hugo Boss. In September the chairman of the supervisory board had withdrawn.
The Frasers Group now holds 50.08 percent of Hugo Boss and may call itself majority owners. What does this mean for Bitburg, where the British want to invest hundreds of millions?
Hugo Boss has a new majority owner. The British Frasers holding of billionaire Mike Ashley increases its own share of the Swabian fashion group to over 50 percent.
Reformatorisch Dagblad
British retail and sports group Frasers Group says it has taken control of the German fashion brand Hugo Boss. The group announced in a statement on Friday that it has increased its stake in the brand to 50.08 percent following a new purchase of Hugo Boss shares.
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