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The Independent UK
The Independent UK
Business
Anna Wise

Mike Ashley’s Frasers increases stake in Hugo Boss after plotting takeover bid

Frasers Hugo Boss Mike Ashley House of Fraser Sports Direct Frasers Group Harvey Nichols

Frasers Group, the retail giant behind Sports Direct and House of Fraser, has increased its shareholding in Hugo Boss to almost 48 per cent, accelerating its push into the high-end luxury market.

The move comes a month after the German fashion brand rejected a buyout approach from Mike Ashley’s business.

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