Hugo Boss faces takeover bid from Frasers Group

Proposed bid was not coordinated with HUGO BOSS.

Hugo Boss said Frasers Group plc intends to launch a voluntary public takeover offer for all outstanding shares of the company.

The company said the proposed bid was announced by Frasers Group and was not coordinated with Hugo Boss.

Frasers Group is offering $43.79 (EUR 38.00) per share, a 4% premium to Hugo Boss’ closing share price of $42.02 (EUR 36.46) and its three-month volume-weighted average price (VWAP) of $41.96 (EUR 36.41) as of 10 June 2026.

Hugo Boss said its Managing Board and Supervisory Board will review the offer once the official offer document is published and will issue a formal recommendation to shareholders.

The company said it will provide further updates as the takeover process progresses and in line with regulatory requirements.