Frasers Group is exploring ways to install its chief executive, Michael Murray , as the CEO of Hugo Boss, The Times newspaper reported on Sunday, as the British company pursues its takeover of the German fashion house.
Murray, the son-in-law of Frasers’ owner Mike Ashley, already sits on Hugo Boss’s supervisory board.
Here are some details:
- Frasers last week raised its holding in Hugo Boss to about 30.28%, crossing the threshold that triggers a mandatory bid under German takeover rules.
- In June, Frasers launched an all-cash takeover offer for Hugo Boss at €38 per share, or about €2 billion ($2.28 billion), an offer the German group urged its shareholders to reject, saying it was “financially inadequate”.
- Frasers said last week its offer remained open, with the initial acceptance period running until July 27.
- Founded in 1924, Hugo Boss is Germany’s largest premium fashion house with annual revenue topping €4.3 billion in 2025.
- Reuters could not immediately verify The Times report. Frasers and Hugo Boss did not respond to a request for comment outside regular business hours.




Réponses (0)