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Frasers Group has announced that it has upped its investment in Hugo Boss, increasing its overall stake from €360m (c. £305m) in May to €490m (c. £415m).
The group now has 5.6m shares of common stock, representing 7.99% of Hugo Boss’s total share capital.
It also owns 9,721,000 shares of common stock via the sale of put options, representing 13.81% of Hugo Boss’s total share capital.
The news comes after Frasers announced that it has agreed a multi-year partnership with THG which includes Frasers acquiring THG’s luxury brands business including Coggles.
Alongside this, THG will integrate the Frasers Plus credit offer into its Ingenuity platform.
This agreement marks the first Frasers Plus partnership with an external partner.
Frasers Group will also benefit from THG’s courier management services to drive the efficiency and performance of Frasers’ Australian fulfilment and logistics operations.
