Hugo Boss calls for investors to reject ‘inadequate’ Frasers Group offer
The retail giant behind Sports Direct and House of Fraser currently owns around 26% of Hugo Boss but launched a move to take full control last month
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Summary
Shares in the group were worth 36.44 euro at the close of trading prior to the approach. Frasers has adopted a strategy of building stakes in rival retailers in recent years, owning significant chunks of brands including Asos, Boohoo Group, Puma and AO World. Hugo Boss’s management and supervisory board said they ‘unanimously recommend that shareholders do not accept’ the offer.
Cross-referenced from 4 sources.
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Reported detailssecondary facts, each attributed to its source
Shares in the group were worth 36.44 euro at the close of trading prior to the approach.
according to The IndependentFrasers has adopted a strategy of building stakes in rival retailers in recent years, owning significant chunks of brands including Asos, Boohoo Group, Puma and AO World.
according to The IndependentHugo Boss’s management and supervisory board said they ‘unanimously recommend that shareholders do not accept’ the offer
according to Evening Standard - News +1
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