Briten wollen Boss: Taktisches Manöver? Hugo Boss beendet Aktienrückkauf
Die britische Frasers Group ist scharf auf eine Übernahme von Hugo Boss. Sie will ihren Anteil ausbauen und nun auch die Unterstützung für den Aufsichtsrat prüfen. Die Boss-Reaktion folgt prompt.
Metzingen - The fashion conglomerate Hugo Boss has halted its recently initiated share buyback program, citing a reaction to the British Frasers Group's announcement of their plan to expand their stake in the company to over 50 percent and potentially support its board chairman, Stephan Sturm. The British group has been attempting to take control of Hugo Boss since mid-June.
Frasers' stake in the company had grown to 47.89 percent following their failed takeover attempt. Analysts from Swiss bank UBS believe the sudden halt of Hugo Boss's share buyback program is a tactical maneuver against the takeover by Frasers. The move aims to reduce the total number of available shares, thereby increasing Frasers' ownership percentage.
So far, the company has bought back shares for nearly five million euros. Hugo Boss remains committed to its strategy and long-term value creation potential. The company expects to reconsider the resumption of an share buyback program at a later time. Frasers Group is majority owned by British billionaire Mike Ashley. The company's main brand is the retail chain Sports Direct, and it also holds various investments, including the online shop Asos.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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