DUESSELDORF (Reuters) – Hugo Boss’ second-biggest shareholder, British sports activities and vogue retailer Frasers, has filed a request to accumulate extra shares within the German firm, in accordance with a submitting with the German competitors authority seen by Reuters on Friday.
A spokesperson for the Bundeskartellamt authority didn’t present any data relating to the quantity of shares that Frasers intends to purchase.
The watchdog, which examines the affect of mergers on the German market, now has one month to evaluate the plans.
Frasers was not instantly obtainable for remark.
Earlier in August, Hugo Boss mentioned it acquired a regulatory submitting stating that Frasers exceeded a 15% threshold with its stake.