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Frasers Group, a British sports and fashion store, has requested to purchase further shares in Hugo Boss.
Frasers Group, the British sports and fashion retailer, has submitted a request to acquire additional shares in Hugo Boss, where it is currently the second-largest shareholder.
This move was revealed in a filing with the German competition authority, Bundeskartellamt, according to information seen by Reuters on Friday.
The filing indicates that Frasers is looking to expand its stake in the German luxury fashion brand, although the specific amount of shares it plans to acquire has not been disclosed.
The Bundeskartellamt now has one month to evaluate the potential impact of this acquisition on the German market.
The German competition authority assesses the implications of mergers and acquisitions within the market and ensures that such moves do not hinder competition.
As of now, there has been no further comment from Frasers regarding their intentions.
Earlier in August, Hugo Boss announced that Frasers had surpassed a 15% ownership threshold, based on a regulatory filing.
This latest move suggests Frasers is keen to further increase its influence within the German fashion company.
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