Mike Ashley’s Frasers increases interest in Hugo Boss By Reuters

LONDON (Reuters) – Mike Ashley’s Frasers Group said on Wednesday it had increased its stake in German fashion brand Hugo Boss, owning 4.9% of the stock directly and holding options over another 26%.

The maximum aggregate exposure in connection with its interests was about 900 million euros or 770 million pounds, it said.

(1 British pound = 1,1653 euros)