BERLIN — Permira Holdings Limited, the majority shareholder of Hugo Boss, is placing up to 7 million ordinary shares of Hugo Boss AG in an accelerated book building process. This represents around 10 percent of total share capital.
Permira currently holds a 65.56 percent stake in Boss through its majority owned company, Red & Black Holding GmbH. Following the placement, the stake would decline to about 56 percent.
This is the second share offering since November 2011, at which time Permira placed about 4.5 million preferred shares at 68.25 euros (for a total of about 300 million euros), reducing its historical 72 percent stake in the German apparel giant to about 65 percent.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)