Michael Murray

"Mr Murray did not participate in the board’s discussion of, or decision to make, the offer."

"Hugo Boss is a key brand partner for Frasers, and one of the top five brands across the Frasers Group."

"Frasers’ board of directors believes that increasing Frasers’ investment in Hugo Boss will create value for Frasers’ shareholders."

"The turnaround will require tough choices and we are prepared to make those decisions, even if that means a smaller business in the near term, to create a stronger and more sustainable Harvey Nichols for the long-term."