Frasers bid for Hugo Boss signals a fashion-firm expansion. Ashley built the Sports Direct/Frasers empire and has long funded high-stakes retail bets.
Former Manchester United manager Sir Alex Ferguson has paid tribute to Kevin Keegan, praising his energy, enthusiasm and the rebuilding work at Newcastle, following Keegan's death at 75. Ferguson recalls their fierce title battle in 1995-96 and a post-season night of reconciliation. The Guardian, BBC and Independent report the outpouring of tributes from across football.
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.