Mike Ashley’s Frasers offers £1.73bn to buy all of Hugo Boss
The retail group already owns just over a quarter of Hugo Boss, having steadily built up the stake since 2020, but said on Wednesday it wanted to buy the rest of it for €1.98bn (£1.73bn). Kenya breaking news | Kenya news today |..
✨ Key Highlights
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."
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Frasers offers £1.73bn to buy all of Hugo Boss - June 2026
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. In a separate corporate development, 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. Businessman John Ngumi has also filed a petition at the High Court to halt investigations by the Ethics and Anti-Corruption Commission (EACC) into the Telkom Kenya sale.
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