Mike Ashley's Frasers Group makes takeover bid for Hugo Boss

In Metzingen, management seems somewhat surprised; the takeover offer was "not coordinated with the company." It had been apparent for some time that Mike Ashley was continuously increasing his shares in Hugo Boss. Now, the British self-made billionaire and major shareholder of the Frasers Group is aiming for control of the Swabian fashion company. Frasers submitted a takeover offer on Wednesday evening at a price of 38 euros per Boss share. This would value the Metzingen-based company at nearly 2.7 billion euros. The Boss share jumped by a good six percent to 38 euros after the market closed, and on Thursday, it climbed to as high as 40 euros.