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The Independent UK
The Independent UK
Business
Henry Saker-Clark

Mike Ashley’s Frasers Group targets Hugo Boss takeover after Harvey Nichols deal

Hugo Boss Mike Ashley Mike Ashley Frasers Group Harvey Nichols Sports Direct Jonathan Brady

Frasers Group, the retail empire majority-owned by billionaire Mike Ashley, has outlined plans to assume majority control over the German fashion house Hugo Boss.

The owner of Sports Direct confirmed that a series of recent stock acquisitions has enabled it to expand its overall holding in the luxury business to 47.89 per cent.

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