Frasers Group Ups Stake in Hugo Boss to Around 900 Million
Subtle Increase in Investment Portfolio
Continued Expansion in Luxury Fashion Market
Mike Ashley's Frasers Group has increased its investment in the luxury fashion brand Hugo Boss, bringing its total stake in the company to approximately 900 million. This latest move by the UK retailer underscores its ongoing expansion in the luxury fashion market.
The increase in stake comes after a recent decline in Hugo Boss's share price. Frasers Group has previously acquired shares in Hugo Boss in 2021 and 2022, signaling its confidence in the brand's long-term prospects.
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