By  on May 28, 2014

BERLIN — Permira Holdings Limited, the largest shareholder of Hugo Boss, is again shaving its stake in the German fashion giant.

Permira said it intends to place up to 3.96 million shares of Hugo Boss AG in an accelerated book-building process through its majority owned company, Red & Black Lux S.à.r.l, This represents 5.6 percent of total share capital, and would reduce Permira’s stake to about 50.4 percent.

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