Frasers Group's voluntary public takeover offer for Hugo Boss has become unconditional after receiving merger control approval from the European Commission. The UK retail group, already the largest shareholder with slightly more than 30%, is offering €38 per share in cash for the remaining shares. Hugo Boss management has urged investors not to accept, calling the consideration financially inadequate. The acceptance period has been extended to 13 August 2026. Hugo Boss reported revenue of €4.26bn and EBITDA of €781.5m for the 12 months to 31 December 2025.
Hugo Boss AGHugo Boss management urges investors not to accept the €38/share offer, calling it financially inadequate, and the offer is now unconditional.
Frasers Group PLCFrasers' takeover offer for Hugo Boss becomes unconditional after EU clearance, advancing its acquisition strategy.