Frasers increases investments in Hugo Boss and Asos
News
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Oct 2022
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Fashion Network
What: Following Asos' share price decline, Frasers Group has increased its stake.
Why it is important: Frasers’ recent investment in Asos makes it the fourth-biggest shareholder in Asos, yet the Group seems more focused on Hugo Boss as it increased its stake to 32.8% of the fashion company’s share.
The 32.8% of Hugo Boss shares owned by Frasers Group are divided into 4.3% direct holding in common stock and 28.5% through the sale of ‘put options’.
