Sports Direct owner Mike Ashley tightens hold on Hugo Boss

Frasers Group increases stake in German fashion house to 48%, after buying Harvey Nichols chain last week The retail billionaire Mike Ashley has given the latest indication that his summer shopping spree may be far from over, after he increased his stake in the luxury giant Hugo Boss to nearly half. Ashley’s Frasers Group, which last week bought Harvey Nichols department stores for a reported £40m, increased its shareholding in the German fashion house to 48%, falling short of taking full control. In June, the British billionaire made a nearly €2bn (£1.73bn) takeover offer for the luxury group