Frasers Group tightens grip on Hugo Boss with 47.9% stake

Frasers Group has increased its ownership stake in Hugo Boss to 47.89%, according to a filing with the London Stock Exchange on 18 August 2026. The British retailer had already held a 26% interest in Hugo Boss, but on 10 June 2026, it launched a voluntary offer to acquire all remaining ordinary shares not directly owned by the group.

The offer price of €38.00 per share was valued at around €1.98bn ($2.65bn). Frasers reported receiving 12,157,598 Hugo Boss shares, or 17.62% of the company's share capital and voting rights, during the offer period. Combined with its pre-existing stake, Frasers now owns 33,054,959 shares, or 47.89% of Hugo Boss. Despite opposition from Hugo Boss' management and supervisory boards, who called the offer financially inadequate, the British group's stake brings it close to majority ownership.