Hugo Boss Investors Snub Frasers’ £1.7bn Takeover Bid

One Brit’s Boss battle for German fashion label

A British retail magnate is trying to takeover the brand after its millennial makeover

The battle for Hugo Boss

Mike Ashley's Frasers Group seeks to acquire Hugo Boss for €2bn, but the German fashion label's management opposes the takeover bid as undervaluing the company.

Hugo Boss investors snub Frasers’ £1.7bn takeover bid

Hugo Boss shareholders have largely rejected Frasers Group’s £1.7bn takeover offer, despite the company tightening its grip on the German fashion brand. Just 7.3 per cent of Hugo Boss shares were tendered during the initial acceptance period, which closed on Monday 27 July. Frasers received acceptances covering 5.04m shares, taking its total holding and accepted shares to 37.58 per cent of Hugo Boss’ share capital and voting rights. The retail g…