BOSS.DE

Mike Ashley's Frasers Group offers £1.73 billion to buy Hugo Boss outright

Frasers Group, controlled by Mike Ashley, has offered 75 euros per share — a cash and stock package worth £1.73 billion — to acquire Stuttgart-based German luxury apparel maker Hugo Boss in full. Frasers already holds 27% of the shares; Hugo Boss's supervisory board has retained Goldman Sachs and Allen & Overy to evaluate the bid.