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Frasers Group buys stake in Hugo Boss in latest upmarket move
Mike Ashley’s Frasers Group has taken a 5.1 percent stake in German label Hugo Boss through stocks and derivatives as it continues its plan to become more high-end. The group, which owns House of Fraser, Flannels, Jack Wills and Evans Cycles, said the decision reflects its growing relationship with Hugo Boss as well as its belief in its...
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