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18.08.26 - 12:15
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Das hat Frasers mit Hugo Boss vor (Finance Magazin)
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Die britische Frasers Group kontrolliert zum Ende der Angebotsfrist mehr als drei Viertel der Stimmrechte bei Hugo Boss. Davon könnten beider Unternehmen profitieren, wie die FINANCE-Analyse zeigt....
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18.08.26 - 11:00
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Sports Direct owner Mike Ashley tightens hold on Hugo Boss (The Guardian)
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Frasers Group increases stake in German fashion house to 48%, after buying Harvey Nichols chain last weekThe retail billionaire Mike Ashley has given the latest indication that his summer shopping spree may be far from over, after he increased his stake in the luxury giant Hugo Boss to nearly half.
Ashley's Frasers Group, which last week bought Harvey Nichols department stores for a reported £40m, increased its shareholding in the German fashion house to 48%, falling short of taking full control.
In June, the British billionaire made a nearly €2bn (£1.73bn) takeover offer for the luxury group, but its board rejected Frasers' bid as “inadequate” and urged shareholders not to accept Ashley's offer.
The new, higher stake is a result of 17.6% of shareholders accepting Ashley's offer, which amounted to €38 a share. That bid reflected only a 4% premium to Hugo Boss's shares when it was tabled.
Axel Rudolph, an analyst at the investing platform IG, said it was “another major step toward...
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18.08.26 - 08:36
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Ashley Boosts His Real Estate Empire With Harvey Nichols (Bloomberg)
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Retail billionaire Mike Ashley's purchase of department store Harvey Nichols, situated in London's exclusive Knightsbridge district, has given his company one of the best located stores in the UK. A Bloomberg analysis of property records shows that Frasers Group now owns around 8 million square feet of retail park and shopping center space, part of what the company's CEO Michael Murray said is a 16 million-square-foot portfolio worth £2 billion ($2.7 billion). Bloomberg's Maddie Parker has more. (Source: Bloomberg)...
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15.08.26 - 16:06
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′Strategic change and grasping nettles′: where now for John Lewis as boss exits? (The Guardian)
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Peter Ruis appeared 'to be doing a good job in difficult circumstances' at department store chain, says analyst“Going up?” After a tough week for department stores it feels as if that sales aspiration is as dated as the singsong phrase in the opening credits of Are You Being Served? Simpsons of Piccadilly, which inspired the fictional Grace Brothers department store in which the 1970s TV sitcom was set, is long gone, and several of its modern equivalents are now fighting oblivion.The boss of John Lewis, Peter Ruis, clearly decided it was time to exit the elevator this week, announcing his abrupt departure from the UK's biggest department store chain in a surprise statement. Days later, Harvey Nichols, the luxury Knightsbridge store that was once a byword for 1990s chic, was bought out of administration for a knock-down price by the owner of Sports Direct, Mike Ashley's Frasers Group. Continue reading......
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