Übernahme: Sportartikel-Händler Frasers übernimmt Mehrheit bei Hugo Boss

British retailer Frasers Group has secured majority control of clothing manufacturer Hugo Boss, now owning 50.08 percent of the company, according to British sources. In corporate jargon, this equates to an absolute majority, enabling Frasers to make key decisions on its own at shareholder meetings, such as profit allocation or dismissing the management team.

Frasers' stake rose from the previous 47.89 percent, just enough to clinch the takeover of the majority stake. This move fulfills the goal announced on September 1st, following a narrowly failed takeover bid. The Frasers Group is majority-owned by British billionaire Mike Ashley. The company's flagship and most recognizable brand is the sports retail chain Sports Direct. Hugo Boss also holds numerous investments, including the online retailer Asos.