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Business & Finance

Mike Ashley’s Frasers makes €1.98bn takeover offer for Hugo Boss

The Guardian Business Wednesday 10 June 2026, 18:11 UTC By Guardian staff and agencies 1 min read
Key Points

Fashion and sportswear group, which owns 26% of the German luxury brand, is now seeking full controlMike Ashley’s retail group, Frasers, has launched a near €2bn takeover offer for the German luxury fashion brand Hugo Boss. The fashion and sportswear group, which owns 26% of Hugo Boss, said it is offering to pay about €1.98bn (£1.73bn) for the remainder of the business to take full control.

Fashion and sportswear group, which owns 26% of the German luxury brand, is now seeking full control

Mike Ashley’s retail group, Frasers, has launched a near €2bn takeover offer for the German luxury fashion brand Hugo Boss.

The fashion and sportswear group, which owns 26% of Hugo Boss, said it is offering to pay about €1.98bn (£1.73bn) for the remainder of the business to take full control.

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Mike Ashley’s (PERSON) Frasers (PERSON) Hugo (EVENT) German (ORG) Ashley (PERSON) Hugo Boss (PERSON)
Originally published by The Guardian Business Read original →

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