Pursuits
Hugo Boss Shares Decline After Report Permira Seeks Exit
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Hugo Boss AG shares dropped as much as 3.7 percent after people familiar with the matter said that Permira Advisers LLP is discussing a potential sale of its remaining stake in the German fashion house.
Permira, based in London, is in talks with advisers to find a buyer for its holding of about 50 percent in the German fashion label, valued at about 3.7 billion euros ($5 billion), Bloomberg News reported Aug. 1, citing people familiar with the matter. Hugo Boss slipped as much as 3.90 euros to 102 euros a share and traded 0.8 percent lower at 105 euros at 3:42 p.m. in Frankfurt trading.