European Commission approval removes final condition for Frasers’ €4.26bn takeover offer for the German fashion group.
Frasers Group’s voluntary takeover bid for Hugo Boss has become unconditional after securing European Commission merger clearance. The UK retailer, already holding over 30% of Hugo Boss shares, is offering €38 ($43.16) per share in cash for the remaining stake, valuing the deal at approximately €4.26bn.
Hugo Boss management previously rejected the bid as financially inadequate, citing a review of the offer terms. The company reported €4.26bn in revenue and €781.5m in EBITDA for 2025, with gross assets of €3.72bn and net assets of €1.55bn. The acceptance period for shareholders has been extended to 13 August 2026.
The bid is part of Frasers’ broader acquisition strategy in the retail sector, though no immediate market reaction was specified.