Hugo Boss shares rise as it reviews Frasers takeover offer

Mike Ashley’s retail group has made a near-€2bn takeover bid for fashion house, in which it already holds a 26% stakeBusiness live – latest updatesShares in Hugo Boss jumped nearly 7% on Thursday after the company said it would “thoroughly examine” a near-€2bn takeover approach from the Sports Direct owner Frasers Group.Mike Ashley’s fashion and sportswear group has pounced on the German fashion house, in which it already owns just over 26%, saying late on Wednesday that it was offering about €1.98bn (£1.73bn) to take full control of the business. Continue reading...