Frasers Group has increased its investment in Hugo Boss to 15.2% through various stocks and derivatives. After taking into account the premium it will receive under the put options, Frasers Group’s maximum aggregate exposure in connection with its acquired interests in Hugo Boss is approximately €275 million. “This investment reflects Frasers Group’s growing relationship with Hugo Boss and belief in Hugo Boss’s long-term future. Frasers Group intends to be a supportive stakeholder and create value in the interests of both Frasers Group’s and Hugo Boss’ shareholders”, said the British retail Group.

In November 2020, Frasers Group acquired 4,335,720 ordinary shares in Mulberry Group from Kaupthing, meaning it now holds 36.82% of the existing issued share capital and voting rights of Mulberry. Read more here.