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.
Berlin – Fashion conglomerate Hugo Boss has ended its recent stock buyback program, reportedly in response to a move by the British Frasers Group to increase its stake in the company. The decision comes after the Frasers Group, led by billionaire Mike Ashley, announced plans to boost its ownership of Hugo Boss above the 50 percent mark and to review support for Chairman Stephan Sturm.
The British company has been attempting to take control of Hugo Boss since mid-June. Previously, Frasers' stake in the company stood at 47.89 percent, indicating that the acquisition of a majority share was within reach. Analysts from Swiss bank UBS suggest that Hugo Boss' sudden halt of the stock buyback program is a tactical move against the takeover attempt by Frasers.
The rationale behind this is that each returned share decreases the total number of available shares, thereby increasing Frasers' ownership percentage. So far, the company has bought back shares worth nearly five million euros. Despite this setback, Hugo Boss remains committed to its strategy and long-term value creation potential.
The company will reconsider the resumption of an equity buyback program at a later time. Frasers Group is majority-owned by the British billionaire Mike Ashley. The company's flagship brand is the retail chain Sports Direct, while it also holds multiple investments, including the online retailer 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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