The sale, valued at approximately $132.1 million based on Tuesday’s closing prices, reduces Frasers’ holding in Boohoo to just over 20%. This marks a notable retreat for the group, which previously maintained a stake of nearly 25% in the company.
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Frasers Group Dumps $132 Million Stake in Boohoo
Retail giant Frasers Group has offloaded 98.52 million pounds worth of Boohoo shares, a move that trims its investment in the online fashion retailer by 3.6%. The divestment follows a strategic pivot for the group, which is currently tightening its grip on German luxury brand Hugo Boss.
This shift in portfolio focus coincides with Frasers securing majority control over Hugo Boss. Having pushed its ownership of the German apparel firm above 50%, the group confirmed last month that it intends to integrate the brand as a formal subsidiary. By thinning its position in Boohoo, Frasers appears to be clearing runway to prioritize the absorption of its new luxury acquisition.
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