Mike Ashley's Frasers offers £1.73bn to buy all of Hugo Boss
The retail group already owns just over a quarter of the German fashion brand but wants to buy the rest of it.
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Notable Quotes
"It's just the formal change to the name that's listed at Companies House... required a special resolution that didn't pass."
— Dan Finley , Executive
"Mr Murray did not participate in the board’s discussion of, or decision to make, the offer."
— Michael Murray , Executive
"Hugo Boss is a key brand partner for Frasers, and one of the top five brands across the Frasers Group."
— Michael Murray , Executive
"Frasers’ board of directors believes that increasing Frasers’ investment in Hugo Boss will create value for Frasers’ shareholders."
— Michael Murray , Executive
Key People
Dan Finley is the chief executive of Boohoo.
Chief executive officer of Hugo Boss.
Mahmud Kamani is a co-founder of Boohoo.
Michael Murray is the chief executive of Frasers Group.
Mike Ashley is a businessman and the founder of Frasers Group, formerly Sports Direct.
Chair of the supervisory board of Hugo Boss.
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All Coverage
The retail group already owns just over a quarter of the German fashion brand but wants to buy the rest of it.
Frasers Group, led by Mike Ashley, has announced a €1.98 billion (£1.73 billion) takeover offer for Hugo Boss, offering €38 per share for the remaining shares it does not already own.
Frasers Group, which owns Sports Direct, has launched a takeover offer for Hugo Boss, valuing the remaining shares at €1.98 billion (£1.73 billion) and offering €38 per share.
Frasers Group has launched a takeover offer for German luxury fashion brand Hugo Boss, offering €38 per share for the remaining shares it does not already own.
Frasers Group, which already owns 26% of Hugo Boss, is offering approximately €1.98 billion (£1.73 billion) to acquire the remaining shares and take full control.
Frasers Group has formally launched a €2 billion takeover bid for Hugo Boss, offering €38 per share for the remaining shares it does not already own.
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