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Evening Standard

Henry Saker-Clark

Sports Direct owner Frasers launches takeover bid for Hugo Boss

Frasers Hugo Boss Sports Direct Euro Frasers Group Michael Murray Mike Ashley

Frasers Group has launched a takeover tilt for German fashion firm Hugo Boss (Alamy/PA) -

Sports Direct owner Frasers Group has launched a takeover offer for German luxury fashion brand Hugo Boss.

Mike Ashley’s retail vehicle, which currently owns around 26% of Hugo Boss, said it is offering to pay around 1.98 billion euro (£1.73 billion) for the remainder of the business to take full control.

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