London (Reuters) – The Frasers Group, which is run by Mike Ashley, said on Wednesday that it had increased its stake in the German fashion brand Hugo Boss. It now directly owns 4.9 percent of the stock and has options on another 26 percent.
It said that the most it could lose because of its interests was about 770 million pounds or 900 million euros.
(1 pound equals 1.1653 euros)