Hugo Boss campaigns with Gigi Hadid and Kendall Jenner lift outlook after sales surge BOSS MOVES Hugo Boss has raised its full year outlook following a 20 per cent increase in second quarter sales, after smart advertising campaigns featuring Gigi Hadid and Kendall Jenner. The German fashion house, best known for its men’s colognes, reported a 21 per cent increase in EBIT to €121m (£103m), as plans to rebrand the designer [...]
Frasers Group increases Hugo Boss stake to £840m Frasers Frasers Group revealed it had snapped up a further chunk of shares from fashion firm Hugo Boss today taking its stake in the firm to £840m.
Mike Ashley’s Frasers Group reduces stake in Hugo Boss as shares dip Frasers Mike Ashley’s Frasers Group, the owner of brands such as Sports Direct and House of Fraser, has reduced its stake in Hugo Boss after previously upping its investment into the luxury fashion house. Frasers Group said it now owns 3.9 per cent of Hugo Boss’s total share capital, a decline from the 4.3 per cent [...]
Mike Ashley’s Frasers Group ups stake in German fashion brand Hugo Boss, again June 22, 2022 Mike Ashley’s Frasers Group confirmed this morning it has increased its stake in luxury German fashion brand Hugo Boss once again. Frasers said it now has 3.4 million shares – a 4.9 per cent stake – in Hugo Boss and holds buy options over another 26 per cent shareholding. The group said its investment in [...]
Hugo Boss exceeds 2021 sales target after strong fourth quarter January 18, 2022 Hugo Boss said on Tuesday that it had exceeded its full year sales targets after fourth quarter earnings helped propel the German fashion house back to nearly pre-pandemic levels.
Frasers boss Mike Ashley’s legal battle against Morgan Stanley kicks off in London February 21, 2024 Ashley's business is claiming the US bank used "unlawful means" to close out bets on Hugo Boss stock, which resulted in the company losing around £50m.
Frasers boss Mike Ashley drops £50m lawsuit against Morgan Stanley May 3, 2024 Mike Ashley has dropped his £50m lawsuit against US bank Morgan Stanley, after nearly three month since the trial concluded
Mike Ashley’s Frasers Group drags Morgan Stanley boss to court seeking £50m in damages September 22, 2023 Mike Ashley’s Frasers Group has dragged the chief executive of Morgan Stanley into a UK legal battle over a $1bn (£814m) margin call regarding Hugo Boss trade. In a New York court filing lodged earlier this week, seen by The Telegraph, the retail group asked the court to make James Gorden hand over documents and [...]
ASOS share price recovers slightly after Mike Ashley’s Frasers raises stake May 17, 2023 Frasers Group raised its stake in online fashion retailer ASOS, a filing showed on Wednesday, as the Mike Ashley-owned sportswear retailer continues its drive into a more premium market. Frasers, formerly called Sports Direct, increased its stake in ASOS to 7.4 per cent from a prior stake of more than 5 per cent, as of [...]
New boss for Hugo Boss as fashion house drafts in former Tommy Hilfiger CEO June 17, 2020 Hugo Boss has announced that former Tommy Hilfiger chief Daniel Grieder will be its new chief executive. Grieder, 58, will take up the post in June next year, after a decades-long career at Tommy Hilfiger. It comes after outgoing CEO Mark Langer announced that he was stepping down in March. Langer will leave post at [...]