Hugo Boss

Frasers Group made a voluntary takeover offer for Hugo Boss in the summer at €38 per share, but most recently acquired 47.89 percent of voting rights, narrowly missing a majority. Although Frasers still aims for a stake above 50 percent, the group is currently focusing more on acquisitions at Under Armour (8.78 percent) and indirectly at Burberry (more than six percent via sold puts). Hugo Boss remains a potential target for selective purchases, but Mike Ashley’s focus is currently on other brands, while the share price stays below the offer level. » More on deraktionaer.de

HUGO BOSS chief Daniel Grieder says the Frasers Group’s stake does not impair the company’s strategy and that they are fundamentally in agreement. Frasers recently acquired around 48 percent and is still aiming to increase its holding above 50 percent; the major shareholder has so far invested about €1.5 billion and placed Michael Murray on the supervisory board. Grieder expects to remain in office and stresses he signed on at the end of 2024 for another three years because his mission at HUGO BOSS is not yet complete. » More on finanzen.net

Yves Müller has stepped down from his board mandate at Hugo Boss for personal reasons, the company says, following the Frasers group's expansion of its shareholding. Müller had been with Hugo Boss for nearly nine years and, since 2022, was also responsible for IT, logistics, production, procurement and purchasing. On October 1, Ivica Maric from the second tier will take over the CFO role; Frasers has increased its stake to 48 percent and is seeking a majority. » More on wiwo.de