Hugo Boss says Permira to place 11.2 percent Hugo Boss stake
FRANKFURT (Reuters) - German retailer Hugo Boss (BOSSn.DE: Quote) on Tuesday said an investment company controlled by private equity investor Permira[PERM.UL] is placing up to 7.9 million Hugo Boss shares.
The shares, which amount to around 11.2 percent of the company's total capital, are being placed in an accelerated book building process, Hugo Boss said.
The shares are being placed by Red & Black S.A., a company majority owned by Permira Holdings, Hugo Boss said.
(Reporting by Edward Taylor; editing by Keiron Henderson)
© Thomson Reuters 2017 All rights reserved.