Mergermania: Frasers no longer has an interest in Hugo Boss, but Kering may do

Kering strengthens its firepower (in terms of liquidity) with an additional 800 million euro for potential future acquisitions. It does so by selling its ownership stake in Puma (5.9%). Hugo Boss may now be in the perimeter of interest, given that Frasers Group has stated that it will not make an offer for the German…