Frasers Group completed the acquisition of a 5.1% stake in Hugo Boss for $109m.

Frasers Group, a British retailing group, completed the acquisition of a 5.1% stake in Hugo Boss, a clothing and accessories manufacturer for $109m. “Frasers Group intends to be a supportive stakeholder and create value in the interests of both Frasers Group’s and Hugo Boss’ shareholders,” Frasers Group.