Hugo Boss shares rise as it reviews Frasers takeover offer
Mike Ashley’s retail group has made a near-€2bn takeover bid for fashion house, in which it already holds a 26% stakeBusiness live – latest updatesShares in Hugo Boss jumped nearly 7% on Thursday after the company said it would “thoroughly examine” a near-€2bn takeover approach from the Sports Direct owner Frasers Group.Mike Ashley’s fashion and sportswear group has pounced on the German fashion house, in which it already owns just over 26%, saying late on Wednesday that it was offering about €1...
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