Hugo Boss recommends shareholders reject Frasers' bid

Frasers

09/07/2026 08:49

    BERLIN, July 9 (Reuters) - German fashion brand Hugo Boss BOSSn.DE on Thursday recommended that shareholders do not accept Frasers Group's voluntary takeover offer, saying the British company's offer price of €38 per share was not adequate. 
The offer does not reflect Hugo Boss' "standalone prospects and future value creation potential," particularly as it continues to execute its updated strategy, dubbed Claim 5 Touchdown, through 2028, said the company. 



 (Writing by Miranda Murray
Editing by Linda Pasquini)
 ((Miranda.Murray@thomsonreuters.com;))