By 30 September 2026 neither Frasers' RNS feed nor Hugo Boss voting-rights notices disclosed a stake above 50%; the last stated holding was 47.89% (Frasers update of 1 September), and the 14 September notices covered only board changes.
The market resolves on voting-rights notifications and press releases published by Hugo Boss AG on group.hugoboss.com, or a Frasers Group RNS on londonstockexchange.com. It resolves YES if either states a Frasers shareholding in Hugo Boss above 50% by 23:59 CET on 30 September 2026. If that source has not published in time, BaFin's voting-rights database and The Guardian settle it.
Frasers ended up owning the company in three of five campaigns. We looked at every campaign since 2019 in which Frasers built up a stake in a listed retailer and pushed it to an end. Price never decided the outcome. What mattered was whether a large group of shareholders stood in the way.