Frasers Group acquires 29% stake in MySale
What: Frasers Group has bought a 28.7% stake in Australian-based fashion marketplace MySale.
Why it is important: Frasers Group believes the deal will provide a “strategic partnership whereby end of line group products can be cleared via an established clearance channel”.
Fraser Group upped its stake in Hugo Boss. They now own 3.4 million shares of common stock, representing a 4.9% stake in Hugo Boss, and 18.3 million shares of common stock via the sale of put options, representing a 26% stake.
Frasers Group also bought Missguided for 20 million.
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