Frasers Group, the UK-based retail conglomerate, has made a £1.8 billion (US$2.3 billion) offer to acquire German fashion house Hugo Boss, according to a report by Inside Retail Asia.
Hugo Boss, however, stressed that the proposal had not been coordinated with the company, signaling that the bid was unsolicited. Frasers Group, which already holds a significant stake in Hugo Boss, is known for its portfolio of sports and luxury brands including Sports Direct and Flannels.
The acquisition would mark one of the largest in the fashion sector this year, potentially reshaping the landscape of luxury retail as Frasers continues its expansion strategy.