The British Frasers Group has increased its "strategic investment" in HUGO BOSS, according to an official voting rights notification from the British sporting goods retailer. As of May 31, the share of HUGO BOSS attributable to Frasers amounts to a total of 16.39 percent, including the instruments held by Frasers.

The announcement shows that Frasers now holds 2.47 percent of the voting rights in HUGO BOSS through shares, which corresponds to about 1.74 million common shares. Additionally, Frasers holds 13.92 percent of the voting rights through the sale of financial instruments (put options), which corresponds to around 9.8 million shares. The previous holdings were not specified.

The maximum total investment of Frasers in HUGO BOSS currently amounts to 360 million euros, based on HUGO BOSS's closing price of 48 euros on Wednesday. Frasers is primarily controlled by Mike Ashley, a prominent British entrepreneur.

On Friday, the HUGO BOSS share temporarily increased by 1.58 percent to 48.76 euros via XETRA, after previously recording losses.