BUSI­NESS BUL­LETIN

The Daily Telegraph - Business - - Business -

Frasers Group, for­merly Sports Di­rect, has in­creased its in­vest­ment in Hugo Boss to 10.1pc. The com­pany first dis­closed a 5.1pc stake in the Ger­man fash­ion house on June 12, say­ing the in­vest­ment re­flected its grow­ing re­la­tion­ship with the firm and be­lief in its long-term fu­ture. Frasers’ boss Mike Ash­ley is aim­ing to take Bri­tish sports­wear re­tailer up­mar­ket.

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