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Mike Ashley’s Frasers Group reduces stake in Hugo Boss as shares dip

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City AM

By Jack Mendel 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 that it previously owned. The retail empire, headed up by billionaire entrepreneur Mike Ashley, has been pursuing ambitious growth and expansion plans in recent months. In October, it upped its investment into Asos, becoming the fourth largest shareholder in the online fashio…

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