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Frasers Group takes majority control of Hugo Boss
UK retailer Frasers Group crossed the 50% threshold in Hugo Boss after buying about €7.6 million of additional shares, lifting its holding to 50.08% and making the German fashion house a subsidiary.
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Frasers, which also owns Sports Direct, House of Fraser and Flannels, has invested an estimated €1.2 billion in the stake since 2020.