Frasers lifts stake in Hugo Boss again

House of Fraser and Sports Direct owner Frasers Group said on Friday that it has increased its stake in German fashion brand Hugo Boss again.

The company, which also owns Flannels and Jack Wills, among others, has 3.025m shares of common stock, which represent a stake of 4.3% in Hugo Boss.

In addition, it now has 21.139m shares of common stock via the sale of put options, up from 20.09m previously, representing a stake of 30.03%.

This takes its overall stake in Boss to 34.33%, up from 32.8% last month. The stake is worth around €1bn (£875m).

Frasers also announced last month that it had lifted its stake in ASOS to 5.1%, making it the biggest shareholder in the online fashion retailer.