Frasers passes 50% ownership of Hugo Boss and expects consolidation
Frasers Group ($FRAS) has purchased 198,666 Hugo Boss ($BOSS) shares for €7.63 million, taking its shareholding to 34,468,065 shares, or 50.08% of the German fashion company. The purchase used existing cash. Frasers expects Hugo Boss to become a subsidiary and its earnings, assets and liabilities to be consolidated into the group's accounts, materially expanding the reported business. The majority holding comprises actual shares. Separately, Frasers has sold put options covering up to another 21
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