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Mike Ashley’s Frasers increases interest in Hugo Boss By Reuters

© Reuters. FILE PHOTO: The Hugo Boss logo is seen in Metzingen, Germany, June 16, 2017. REUTERS / Michaela Rehle

LONDON (Reuters) – Mike Ashley’s Frasers Group said on Wednesday it had increased it stake in German fashion brand Hugo Boss, owning 4.9% of the stock directly and holding options over another 26%.

The maximum aggregate exposure in connection with its interests was about 900 million euros or 770 million pounds, it said.

(1 British pound = 1.1653 euros)

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