British Retailer Frasers Boosts Investment In Hugo Boss

British retail and intellectual property group Frasers Group PLC SDIPF has increased its investment in Hugo Boss AG BOSSY, the German luxury fashion brand, to €900 million.
Frasers noted the increased position reflects its belief in the Hugo Boss brand, strategy, and management team.
Fraser now holds 3.4 million shares of common stock, representing 4.9% of Hugo Boss's total share capital, and 18.3 million shares of common stock through the sale of put options, representing 26.0% of Hugo Boss's total share capital.
Hugo Boss is a supplier to the group's House of Fraser department store and Flannels chains.