Frasers Group has launched a voluntary public takeover offer for Hugo Boss AG, bidding €38 per share in cash for the approximately 74% of shares it does not already own. The offer values the German fashion brand at around €2.7 billion in total, with the targeted stake carrying a consideration of roughly €1.978 billion — a 4% premium over Hugo Boss’s closing price on June 10, 2026.
Frasers, which holds a 26% stake in Hugo Boss, expects to complete the transaction in the second half of 2026, subject to regulatory clearances. The offer is not conditional on a minimum acceptance threshold.
Hugo Boss confirmed the bid was unsolicited and not coordinated with the company. Its Managing Board and Supervisory Board will review the offer document and issue a formal statement once it is published.
(dp)
