// Frasers Group increases shares in Hugo Boss
// The group, which owns Sports Direct, said it now has 1.5 million shares of common stock
Mike Ashley’s Frasers Group has increased its shares in Hugo Boss, reflecting its “belief in the brand, strategy and management team”.
The group, which owns Sports Direct, said it now has 1.5 million shares of common stock, representing 2.1% of Hugo Boss’s total share capital.
It has 16.3 million shares via the sale of put options, representing 23.2% of Hugo Boss’s total share capital.
READ MORE: Mike Ashley’s Frasers Group launches £70m share buyback programme
Frasers Group said: “After taking into account the premium it will receive under the put options, Frasers Group’s maximum aggregate exposure in connection with its acquired interests in Hugo Boss, with the common stock holding valued at the closing share price on April 7, 2022, is approximately £600 million.”
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