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Reuters API
Published
Jan 7, 2023
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Frasers' Hugo Boss exposure falls to $691 million

By
Reuters API
Published
Jan 7, 2023

British sportswear retailer Frasers Group said on Friday its maximum exposure to German fashion house Hugo Boss had fallen to 580 million pounds ($691 million).


BOSS - Spring-Summer 2023 - Womenswear - Italie - Milan - © ImaxTree


F​rasers, which was formerly called Sports Direct and is on a drive to move upmarket, said it now holds 3.9% of Hugo Boss stock directly and a further 25% via the sale of derivatives known as put options.
 

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