BusinessQuiet 74d · day 74
Frasers Group targets majority stake in Hugo Boss, weighs ousting chair
Mike Ashley's retail firm aims to increase its Hugo Boss holding above 50% and may push for leadership changes.
What to know
- Frasers Group aims to acquire majority control of Hugo Boss, building on its recent Harvey Nichols purchase.
- The firm is weighing whether to support or replace Hugo Boss's current chair, signaling potential leadership changes.
- The move marks another major retail consolidation play by Mike Ashley's growing retail empire.
Mike Ashley Frasers Group controlling shareholderFrasers Group Bidder and current Hugo Boss shareholderHugo Boss Luxury fashion company
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