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Birmingham Post

Business

Anna Wise, PA Business Reporter & Tom Pegden

Frasers Group cuts stake in Hugo Boss

Hugo Boss Frasers Group Frasers Flannels House of Fraser Sports Direct

Frasers Group has cut its stake in the luxury Hugo Boss fashion brand.

The Derbyshire-based retail group – which includes Sports Direct, Flannels and House of Fraser – said it had cut its stake in the business from 4.3 per cent to 3.9 per cent.

The retail empire, founded up by billionaire entrepreneur Mike Ashley, has been pursuing ambitious growth in recent months.

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