Hugo Boss owner sells down, slower than expected

hugo boss
By Andrew Griffin
29 May 2014

The private equity owner of Hugo Boss sold down a €400m stake in the German fashion firm on Tuesday night – a smaller chunk than many in the market had expected – which helped drive demand.

Private equity firm Permira sold 3.96m shares at €101.50 each. That was a 4.1% discount to Wednesday's €105.80 close.

The 5.6% sale takes Permira down to a holding of 50% plus one share, which is locked up for 90 days. That was a smaller deal than many had ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial