Hugo Boss shares fall on share sales report

German luxury clothing brand, Hugo Boss fell as much as 5.6 per cent in Frankfurt trading after majority shareholder Permira Advisers said it’s selling part of its stake.

14th November, 2011
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German luxury clothing brand, Hugo Boss fell as much as 5.6 per cent in Frankfurt trading after majority shareholder Permira Advisers said it’s selling part of its stake.

The buyout firm, which has controlled the German luxury clothier since 2007, said today it will sell 4.5 million shares, or about 6.4 percent of the share capital, to institutional shareholders by way of an accelerated book building, said a report on Bloomberg.

Hugo Boss raised its forecast for...

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