German luxury fashion house, Metzingen-based; clothing, fragrances and accessories
Frasers Group has announced a cash offer of €38 per share to acquire the remaining shares of Hugo Boss, valuing the German luxury brand at about €1.98bn. The bid aims to take full control of Hugo Boss as Frasers continues its strategy of expanding upmarket brands. Hugo Boss will examine the proposal and may put it to a vote subject to regulatory clearances.