Frasers Takes Control of Hugo Boss, Shein Reportedly Pays $100 Million to Settle FTC Probe, and Zegna Grows in China
Saturday, October 24, 2026 · 9 min
Frasers Group crossed 50 percent of Hugo Boss on Friday, making the German brand a subsidiary of Mike Ashley's group. Reuters reports Shein will pay $100 million to settle a US FTC probe over deliveries, and Zegna posted growth in China in a season when its luxury peers mostly shrank there.
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Frasers Group crossed 50 percent of Hugo Boss on Friday, making the German brand a subsidiary of Mike Ashley's group. Reuters reports Shein will pay $100 million to settle a US FTC probe over deliveries, and Zegna posted growth in China in a season when its luxury peers mostly shrank there.
In this episode
- Mike Ashley's Frasers Says It's Taken Control of Hugo Boss — The Business of Fashion
“Frasers Group Plc said it’s taken control of Hugo Boss AG, pushing its stake above 50 percent in a move that will turn the German apparel brand into a subsidiary of UK billionaire Mike Ashley’s retail empire.”
- Exclusive-Fast-fashion group Shein agrees to pay $100 million to settle US FTC probe — Streetinsider
“Consumers filed more than 12,000 complaints about Shein over more than $11 million in purchases between January 2020 and June 2026, according to FTC records reviewed by Reuters.”
- Luxury: a mixed picture in the first nine months – Zegna posts growth, whilst China weighs on Hermès - Il Sole 24 ORE — Chiara Beghelli
“Growth was solid, as mentioned, across all geographical areas, including China: whilst the Americas continued to see double-digit growth (+13.6 per cent), and plans are in place to open a Salotto Zegna within the flagship store on Fifth Avenue in New York, it is above all the…”