Frasers Group news and archive

Frasers Group takeover bid for Hugo Boss becomes unconditional

UK retail giant Frasers Group (Frasers) has secured merger control clearance from the European Commission for its voluntary public takeover offer to acquire all ordinary shares in German fashion house Hugo Boss. The regulatory approval, granted on July 27, 2026, satisfies the offer condition outlined in the offer document published on June 25,...

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Will Frasers' Michael Murray be Hugo Boss' next CEO?

Frasers Group is exploring ways to install its chief executive, Michael Murray, as chief executive of Hugo Boss, as the Mike Ashley-controlled retailer seeks greater control over the German fashion house, The Times reported on Sunday. Sources told the paper that Frasers was laying the groundwork to position Murray at the top of Hugo Boss. The...

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Frasers extends takeover offer period for Accent

UK retail conglomerate Frasers Group (Frasers) has announced an extension to the offer period for its cash takeover bid to acquire Australian footwear distributor Accent Group (Accent). The London-listed business initially announced an all-cash on-market takeover offer on June 15, 2026, targeting all of the fully paid ordinary shares in Accent...

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Frasers Group passes 30 percent threshold in Hugo Boss takeover bid

UK retail conglomerate Frasers Group (Frasers) has acquired a further 2.55 million shares in German fashion house Hugo Boss, bringing its total shareholding to 30.28 percent. With this move, the company has officially crossed the 30 percent mandatory bid threshold outlined in the German Takeover Code. The additional 2,549,900 ordinary registered...

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Frasers Group reports revenue increase amid elevation strategy expansion

UK-based retail conglomerate Frasers Group has announced its full year financial results for the 52 weeks ended April 26, 2026. The company reported an 8.7 percent increase in revenue to 5.3 billion pounds (7.17 billion dollars), heavily supported by international revenue growth of 59.2 percent. Reported profit before tax, increased by 38.9...

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Frasers Group reportedly allowed to bid on Harvey Nichols

British retail giant Frasers Group has been given the green light to place a bid on the ailing luxury retailer, Harvey Nichols. The Sports Direct owner had previously demanded access to the sale process, yet its interest was contested by brands selling through the department store chain that had raised concerns over the potential takeover....

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Hugo Boss recommends rejecting Frasers Group's takeover bid

Fashion group Hugo Boss considers the takeover bid from major shareholder Frasers Group to be inadequate. “The offer price of 38.00 euros per share does not adequately reflect the standalone value and future value creation potential of Hugo Boss,” the company announced on Thursday. The offer has been subjected to an independent review process....

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Frasers sells Sports Direct Malaysia to partner MAP Active

British retail conglomerate Frasers Group has agreed to sell 100 percent of its interest in Sports Direct Malaysia to strategic partner MAP Active (PT MAP Aktif Adiperkasa Tbk) for 150 million US dollars. Following the sale, Frasers will enter into a long-term deal under which MAP Active will “further grow and develop Sports Direct in Malaysia,...

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Accent Group urges shareholders to reject Frasers’ "opportunistic" takeover bid

Australia’s Accent Group has called on shareholders to reject a takeover bid submitted by Frasers Group. An independent committee established by Accent found that the timing of the deal was “opportunistic”, having come amid weak retail conditions and prior to potential benefits accumulated through ongoing growth initiatives. In a filing, Accent...

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Frasers Group stands firm on Hugo Boss takeover bid

In the takeover bid for Hugo Boss, major shareholder Frasers Group will not increase its offer. The company announced this in London. The British company has been attempting to take the helm of the German brand since mid-June through a voluntary public offer. It is offering 38 euros per share. Frasers is a retail conglomerate backed by...

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Frasers Group launches takeover bid for Accent Group

UK retail conglomerate Frasers Group plc has announced an unsolicited all-cash on-market takeover offer to acquire all outstanding ordinary shares in Australian performance and lifestyle footwear retailer Accent Group Limited that it does not already own. The offer is set at 0.65 Australian dollars per share, valuing the remaining 77.10 percent...

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Frasers announces two billion euro bid for Hugo Boss

London - British apparel company Frasers Group (Frasers) announced on Wednesday its intention to acquire the remaining capital of German premium clothing group Hugo Boss for almost two billion euros (2.31 billion. Frasers already holds more than a quarter of the company. As Hugo Boss is listed in Frankfurt, Frasers intends to “launch a voluntary...