by
Reuters
Published
August 24, 2024
British fashion and sports retailer Frasers, the second-largest shareholder in Hugo Boss, has applied to buy more shares in the German company, according to a filing with Germany’s competition authority seen by Reuters on Friday.
The spokesman for the Federal Cartel Authority did not provide any information on the number of shares Frasers intends to buy.
The watchdog, which studies the impact of mergers on the German market, now has one month to evaluate the plans.
Fraser could not immediately be reached for comment.
Earlier in August, Hugo Boss said it had received a regulatory filing stating that Frasers had exceeded the 15% threshold with its stake.
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