June 10 (Reuters) - British sportswear and fashion retailer

Frasers Group PLC ( SDIPF ) has launched a takeover offer for

Hugo Boss, it said on Wednesday.

Frasers Group ( SDIPF ) is offering a cash consideration of €38

($43.91) per share, it added. Hugo Boss' shares closed at €36.44

a share on Wednesday.

"To facilitate further investment by Frasers ( SDIPF ) in Hugo Boss,

Frasers ( SDIPF ) has decided to make a voluntary public takeover offer to

all Hugo Boss shareholders for all Hugo Boss shares not directly

held by Frasers ( SDIPF )," Frasers ( SDIPF ) said in a statement.

Frasers Group ( SDIPF ) said it currently holds 26.06% of Hugo Boss'

share capital. Frasers Group ( SDIPF ) is Hugo Boss' largest shareholder,

according to LSEG data.

The British group added it expected the offer to complete in

the second half of 2026.

($1 = 0.8654 euros)