Photo: Karol Serewis/SOPA Images/LightRocket via Getty Images
Frasers Group, a U.K.-based retail conglomerate, said it boosted its direct stake in the German luxury brand Hugo Boss, from 2.1% to 4.9%, or 3.4 million shares of common stock.
Frasers also increased its indirect exposure to nearly 18.3 million shares via the sale of put options, which represents 26% of the brand's common stock.
