Hugo Boss shares jump as it says it will ‘thoroughly examine’ Frasers offer
Overview
Mike Ashley retail group made near-€2bn takeover bid for fashion house, in which it already has 26% stake
Shares in Hugo Boss jumped nearly 7% on Thursday after it said it would “thoroughly examine” a near-€2bn takeover offer from Sports Direct owner Frasers Group.
Details
Mike Ashley’s fashion and sportswear group has pounced on the German fashion house, of which it already owns just over 26%, saying late on Wednesdaythat it was offering to pay about €1.98bn (£1.73bn) to take full control of the rest of the business.
Continue reading...Source
Originally published at www.theguardian.com.