Considering the premium it will receive under the put option, Frasers Group’s maximum overall exposure to its acquired interest in Hugo Basse is about € 900 million (c. 70 770 million), Frasers Group said in a media release.
This investment reflects the Frasers Group’s belief in the Hugo Boss brand, strategy and management team. Frasers Group aspires to be a supportive stakeholder and to create value in the interests of both Frasers Group and Hugo Boss’ shareholders.
British retail and intellectual property group Frasers Group has increased investment in German fashion brand Hugo Boss AG. It now owns 3,425,000 shares of common stock, representing 4.9 percent of Hugo Boss’s total share capital, and 18,289,000 shares of common stock through put-up sales, representing 26 percent of Hugo Boss’s total share capital.
Fibre2Fashion News Desk (KD)