Hugo Boss Boards Advise Shareholders to Spurn Frasers Group Offer
Hugo Boss's management and supervisory boards have urged shareholders to reject Frasers Group's voluntary takeover proposal of €38 per share, saying the offer does not reflect the company's standalone prospects or its updated strategy through 2028. Frasers, the owner of Sports Direct, is the largest single shareholder. The company noted the €38 lev…