Frasers weighs Hugo Boss CEO role for Murray, The Times reports

Frasers Group is exploring ways to install its chief executive, Michael Murray ​, as the CEO of Hugo Boss, The ‌Times newspaper reported on Sunday, as the British company pursues its takeover of the German ​fashion house. Murray, the son-in-law of Frasers’ ​owner Mike Ashley, already sits on Hugo ⁠Boss’s supervisory board. Here are some details: Frasers ​last week raised its holding in Hugo Boss ​to about 30.28%, crossing the threshold that triggers a mandatory bid under German takeover rules. In June, Frasers launched ​an all-cash takeover offer for Hugo ​Boss at €38 per share, or about €2 billion ($2.28 billion), an ‌offer ⁠the German group urged its shareholders to reject, saying it was “financially inadequate”. Frasers said last week its offer remained open, with the initial ​acceptance period ​running until ⁠July 27. Founded in 1924, Hugo Boss is Germany’s largest premium ​fashion house with annual revenue topping €4.3 ​billion ⁠in 2025. Reuters could not immediately verify The Times report. Frasers and Hugo Boss did ⁠not ​respond to a request ​for comment outside regular business hours.