White & Case, RPC, and Gleiss Lutz advise on Frasers Group's $2.3bn takeover bid for Hugo Boss

Frasers Group, the UK retail and sports group, has made a $2.3 billion takeover bid for Hugo Boss, the German fashion house. The cross-border deal has activated a multi-jurisdictional advisory team: White & Case is advising Hugo Boss, RPC is advising Frasers Group on English law matters, and Gleiss Lutz is providing German law advice to the sporting goods retailer. The transaction sits at the intersection of UK public company law, German corporate and takeover regulation, and cross-border M&A structuring — reflecting Frasers' continued strategy of acquiring significant stakes in European retail and fashion brands. Frasers already held a meaningful shareholding in Hugo Boss prior to the bid, a position it has built over recent years as part of a broader activist-shareholder and acquisition strategy across European consumer brands. The deal requires navigation of German takeover rules administered by BaFin (the German Federal Financial Supervisory Authority) alongside any applicable UK regulatory considerations given Frasers' London listing. The involvement of both English law and German law counsel reflects the dual-jurisdiction complexity inherent in a UK-listed acquirer bidding for a Frankfurt-listed target.

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