Editor
Mike Ashley’s Frasers Group said on Wednesday it has increased its maximum exposure to Hugo Boss to $937 million and reiterated its support for the German fashion brand’s strategy and management team.
Frasers, which was formerly called Sports Direct and is on a drive to move upmarket, said it now holds 4.9 percent of Hugo Boss stock directly and a further 26 percent of stock indirectly via the sale of derivatives known as put options.
The…
