Hugo Boss
shares popped around 7% Thursday after its biggest shareholder, Frasers Group
announced a 2-billion-euro takeover offer for the German fashion company.
Frasers, which has a 26% stake in Hugo Boss, said late Wednesday it is offering 38 euros per share in cash for the remainder of Hugo Boss shares, marking a total consideration of 1.978 billion euros ($2.28 billion). The offer represents a premium of around 4% to Hugo Boss’ Wednesday closing price.
Hugo Boss noted that the offer had not been coordinated by the company and added that it will “thoroughly examine” the deal.
Hugo Boss was last trading 6.7% higher while Fraser shares fell 2.1% in morning trading.
Link: https://www.cnbc.com/2026/06/11/hugo-boss-frasers-takeover-german-fashion-retailer.html