Frasers Group, a retail conglomerate led by businessman Mike Ashley, has made a takeover offer of €1.98 billion (£1.73bn) to acquire the remaining shares of German fashion brand Hugo Boss.

• Frasers Group already owns just over a quarter of Hugo Boss and aims to purchase the rest.
• The offer values Hugo Boss at €38 a share, a slight increase from its recent closing price.
• Hugo Boss stated it would "thoroughly examine the offer" and issue a "reasoned statement."

Businessman John Ngumi has filed a petition at the High Court to halt investigations by the Ethics and Anti-Corruption Commission (EACC) into the Telkom Kenya sale.

• Ngumi claims the ongoing probe by the EACC violates his constitutional rights, including the right to a fair hearing, dignity, and privacy.
• The case stems from professional services Ngumi provided as an adviser to Jamhuri Holdings Limited in connection with the Telkom Kenya transaction, for which the Director of Public Prosecutions (DPP) had previously declined to press charges.
• Ngumi is seeking declarations that the investigations are unconstitutional and unlawful, demanding the EACC terminate all related actions and be permanently barred from reopening the matter.

South Korean e-commerce giant Coupang has been hit with a record $400 million fine for a massive data breach that exposed the personal information of over 30 million customers.

• The Personal Information Protection Commission (PIPC) levied the penalty, totaling 624.6 billion won, for a breach affecting approximately 37.5 million user accounts.
• Coupang, described as South Korea's equivalent of Amazon, intends to challenge the PIPC's decision, stating its explanations were not sufficiently reflected.
• The leak exposed customer names, contact and delivery details, and order histories, with the breach believed to have started in June via a server based abroad.