LONDON – Frasers Group has wrested control of Hugo Boss , fulfilling a strategy set in motion earlier this year with a near-miss takeover bid and the replacement of the German company’s chairman with Frasers’ CEO Michael Murray .

Frasers said in a stock market filing it acquired 198,666 shares in Hugo Boss on Oct. 23 for 7.63 million euros, giving it 50.08 percent of the total share capital.

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The transaction was funded by Frasers’ existing cash resources, and not subject to shareholder approval, according to a statement from the group.

Frasers said crossing the 50 percent threshold is “in the opinion of the board of directors in the best interests of Frasers and Frasers’ shareholders as a whole.”

Going forward, all of the earnings, assets and liabilities of Hugo Boss will be consolidated into Frasers, with Boss becoming a subsidiary of the British group.

Frasers said the gross assets of Hugo Boss as of June, 2026 amounted to 3.5 billion euros, with net assets of 1.6 billion euros at…