The Mike Ashley owned retail group purchased a 5.1 per cent stake in German luxury brand Hugo Boss last month.
Following the increase in shares held, the group is now in possession of 552,000 shares of Hugo Boss common stock, 2,249,601 shares of common stock via contracts for difference, and 4.26 million shares of common stock via the sale of put options.
The group said that after taking into account the premium it would receive under the put options, its maximum aggregate exposure to Hugo Boss is around £186M.
The company added: “Frasers Group intends to be a supportive stakeholder and create value in the interests of both Frasers Group’s and Hugo Boss’ shareholders”.
