×
233
Fashion Jobs
SHISEIDO
Laura Mercier Account Manager - Arnotts, Dublin (Maternity Cover)
Permanent · Dublin 13
SHISEIDO
Bareminerals Account Manager - Boots, Belfast
Permanent · New York
RALPH LAUREN
Assistant General Manager (Kildare)
Permanent · Kildare
SHISEIDO
Bareminerals Dual Site Account Manager - Arnotts, Dublin
Permanent · Dublin 13
ESTÉE LAUDER
jo Malone London - Business Manager - bt2, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Clinique - Consultant - Brown Thomas, Cork - 24 Hours - Part-Time - Permanent
Permanent · Cork
ESTÉE LAUDER
Bobbi Brown - Business Manager - Boots, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
L'OREAL GROUP
Business Development Manager - Skinceuticals - Ireland - Active Cosmetics Division
Permanent · Dublin
ESTÉE LAUDER
le Labo - Business Manager - Brown Thomas, Dublin - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
FOOT LOCKER
Manager, Treasury Operations
Permanent · Dublin 1
FOOT LOCKER
Senior Treasury Analyst
Permanent · Dublin 1
SHISEIDO
Nars Account Manager - bt2, Blanchardstown
Permanent · Dublin
SHISEIDO
Nars Account Manager - Brown Thomas, Cork (37.5)
Permanent · Cork
SHISEIDO
Bareminerals Account Manager - Boots, Liffey Valley (37.5)
Permanent · Dublin 22
L'OREAL GROUP
l'Oréal Designer Fragrances Solo Account Manager Brown Thomas Limerick
Permanent · Limerick
L'OREAL GROUP
Atelier Cologne Account Manager Brown Thomas Dublin
Permanent · Dublin
L'OREAL GROUP
l'Oréal Designer Fragrances Mobile Fragrance Consultant
Permanent · Dublin
L'OREAL GROUP
Lancôme Deputy Account Manager Brown Thomas Dublin
Permanent · Dublin
ESTÉE LAUDER
Estée Lauder - Counter Manager - Brown Thomas, Limerick - 37.5 Hours - Full-Time - Permanent
Permanent · Limerick
ESTÉE LAUDER
la Mer - Assistant Manager - Brown Thomas, Dublin - 30 Hours - Full-Time - Permanent
Permanent · Dublin
ESTÉE LAUDER
Mac - Retail Artist - Brown Thomas, Cork - 18 Hours - Part-Time - Permanent
Permanent · Cork
ESTÉE LAUDER
Estée Lauder - Beauty Advisor - Arnotts, Dublin - 30 Hours - Full-Time - Permanent
Permanent · Dublin
Published
May 22, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Frasers said to be targeting Hugo Boss takeover

Published
May 22, 2021

Is the UK's Frasers group about to make a multi-billion pound bid for Germany’s Hugo Boss? Some investors in the latter certainly seem to think so as its shares jumped on Friday on speculation that Frasers – which already holds a 15%+ stake in the upscale company – has ambitions to take control.


Boss



The 7% share price rise meant that Hugo Boss was valued at around €3.2 billion, or £2.7 billion.

That came as the Telegraph reported that Frasers, which has previously said it intended to be a “supportive shareholder” of Hugo Boss, is eyeing up the company. It has reportedly been buying more shares in it in recent months, which could be part of its wider strategy to “elevate” its retail offer. 

It also has a significant stake in high-end leather good specialist Mulberry and has been working hard to expand its high-end operations, including opening new flagship stores for its Flannels chain.

That said, the owner of Sports Direct, Jack Wills and House of Fraser, isn't only buying stakes luxury businesses as it also has a sizeable holding in value-focused Studio Retail too.

The company has a long history of buying shares strategically without attempting to take control of the businesses it invests in. But that doesn’t mean such a move is out of the question. Its long-running — and ultimately unsuccessful — attempt to take control of Debenhams (having started by buying a minority stake) shows that.

If Frasers does want to buy Hugo Boss, it might not have the field to itself, however, with the company's shares having also risen last month after a report that LVMH was interested in it as well. 

Neither Frasers nor Hugo Boss have commented on the Telegraph report.

Meanwhile, Hugo Boss is forging ahead with its recovery plan regardless and will soon have a new CEO at the helm. Its new boss Daniel Grieder, who takes over next month, wants revenues to more than double within five years, Manager Magazin reported on Friday.

The ex-Tommy Hilfiger head said there’s no reason Hugo Boss should’t be able to emulate Hilfiger’s achievements.

Copyright © 2021 FashionNetwork.com All rights reserved.