The shares of the German fashion company HUGO BOSS rose by 6.42 percent to 41.09 euros on Friday afternoon, reaching their highest level since mid-July. The trigger for the price surge was a report by the news agency Reuters, according to which the British retailer Frasers, the second-largest shareholder of HUGO BOSS, plans to further increase its stake in the fashion company.

According to the report, Frasers has submitted an application to the Federal Cartel Office for the acquisition of additional shares. A spokesperson for the competition authority confirmed the application but declined to provide further details on the scope of the planned acquisition.

Currently, the Frasers Group, best known for its sports and fashion stores, directly holds almost 8 percent of HUGO BOSS shares. Additionally, it has put options that grant it access to nearly another 14 percent of the shares.

Should the Frasers Group significantly increase its stake, this could further strengthen the British company's position in the MDAX group and potentially bring about strategic changes at HUGO BOSS. Market participants responded to these speculations with active buying interest, which significantly drove up the price of HUGO BOSS shares.

The increase in participation would be another step in Frasers' expansive strategy, which has already made headlines in recent years through numerous investments and acquisitions in various industries. Investors will now be eagerly awaiting further details on Frasers' plans and their potential impact on HUGO BOSS.