“This investment reflects Frasers Group’s growing relationship with Hugo Boss and belief in Hugo Boss’s long-term future. Frasers Group intends to be a supportive stakeholder and create value in the interests of both Frasers Group’s and Hugo Boss’ shareholders,” Frasers Group said.
The investment has a maximum aggregate exposure of 245 million pounds ($334.7 million). The company initially took a 5.1 percent stake in June, raising that to 10.1 percent stake a few weeks later. The current holding is 15.2 percent through a combination of stocks and derivatives.