# Frasers’ Hugo Boss exposure falls to $691 million
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-01-06
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Frasers Group lowers exposure to Hugo Boss to £580 million
Meta Description: British sportswear retailer Frasers Group lowers investment in German fashion house Hugo Boss to £580m. Now holds 3.9% of stock directly & 25% via
URL: https://financedigest.com/frasers-hugo-boss-exposure-falls-to-691-millionhtml

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LONDON (Reuters) – 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).

Frasers, 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.

($1 = 0.8391 pounds)

(Reporting by James Davey; editing by Sarah Young)


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