×
20 190
Fashion Jobs
NIKE
Operations Manager-Digital Fulfillment
Permanent · Memphis
NIKE
Lead Product Manager
Permanent · Beaverton
BOBBI BROWN
Director, Digital Consumer Experience & Education
Permanent · New York
ESTÉE LAUDER COMPANIES
Keyholder - Cosmetic Company Store - 10 Hrs - Tampa Premium Outlets - Lutz, fl
Permanent · Lutz
CONVERSE
Technical Product Manager, Supply Chain Delivery
Permanent · Boston
NIKE
Loss Prevention Manager Incidents & Safety
Permanent · Beaverton
NIKE
Lead Product Manager, Advanced Analytics & Machine Learning
Permanent · Beaverton
NIKE
Distribution Center Area Manager
Permanent · Memphis
BATH & BODY WORKS
Regional Asset Protection Manager - Bath & Body Works - Dallas
Permanent · Dallas
VICTORIA'S SECRET
Brand Operations Manager-Foothills Fashion
Permanent · Fort Collins
BATH & BODY WORKS
Manager, Public Relations
Permanent · Reynoldsburg
ESTÉE LAUDER
Beauty Sales Manager - Estee Lauder - 35Hrs - Del Monte - Monterey,ca
Permanent · Monterey
ULTA BEAUTY, INC.
IT Operations Specialist
Permanent · Bolingbrook
ULTA BEAUTY, INC.
Manager Corporate Strategy
Permanent · Bolingbrook
NIKE
Technical Product Manager
Permanent · Beaverton
NIKE
Operations Manager, Whq/na Accounts Payable
Permanent · Beaverton
NIKE
Marketplace Operations Manager
Permanent · Beaverton
NIKE
Learning Manager, Digital & Multimedia Development
Permanent · Memphis
NIKE
Distribution Center Area Manager
Permanent · Lake Forest
BATH & BODY WORKS
Manager, Email Marketing
Permanent · Reynoldsburg
BATH & BODY WORKS
Recruiting Senior Manager
Permanent · Reynoldsburg
VICTORIA'S SECRET
Brand Operations Manager-White Oaks
Permanent · Springfield

Mike Ashley's Frasers Group buys Hugo Boss stake

By
Reuters API
Published
Jun 12, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Mike Ashley's Frasers Group , formerly Sports Direct, has taken a 5.1% stake in German fashion house Hugo Boss through stocks and derivatives, continuing his drive to take the British sportswear and apparel retailer upmarket.


BOSS - Fall-Winter2020 - Womenswear - Milan - © PixelFormula



Frasers said on Friday the investment reflected its growing relationship with Hugo Boss and belief in its long-term future.

"Frasers Group intends to be a supportive stakeholder and create value in the interests of both Frasers Group's and Hugo Boss' shareholders," it said.

Ashley's long stated desire is to make Frasers the "Selfridges of sport", emulating the status of the department store on London's Oxford Street. Buying other businesses and strategic stakes forms part of that plan.

He bought department store chain House of Fraser in 2018, which counts Hugo Boss as a supplier, as does Frasers' Flannels chain.

Frasers said it had purchased 120,000 shares of Hugo Boss common stock, 140,000 shares of common stock via contracts for difference, and 3.29 million shares of common stock via the sale of put options.

The group said that after taking into account the premium it would receive under the put options, its maximum aggregate exposure in connection with its acquired interests in Hugo Boss is about 97 million pounds ($121 million).
 

© Thomson Reuters 2020 All rights reserved.