Mike Ashley’s Frasers Increases Interest in Hugo Boss According to 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 has increased its stake in German fashion brand Hugo Boss, owning a 4.9 percent direct stake and holding options over another 26 percent.

It said the total maximum associated with its benefits was around 900 million euros or 770 million pounds.

(1 pound = 1.1653 euros)

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