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Frasers, the British sports and fashion retailer, has filed a request to acquire additional shares in Hugo Boss, the German fashion company where it is already the second-largest shareholder. This development was revealed in a filing with the German competition authority, Bundeskartellamt, on Friday.
While the specific number of shares Frasers intends to purchase remains undisclosed, the Bundeskartellamt now has one month to review and assess the potential impact of this acquisition on the German market.
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Frasers has not yet provided a comment on the matter.
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This move follows a regulatory filing from earlier in August, where Hugo Boss disclosed that Frasers had surpassed a 15% ownership threshold in the company.
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