Hugo Boss's share value plummeted over 13% during one day's trading last month following warnings of sluggish luxury demand in China and low consumer confidence in the US. Sophie Lund-Yates, leading equity analyst at Hargreaves Lansdown, said: "Sports Direct owner, Frasers Group, has increased its stake in Hugo Boss once more, taking the total exposure to almost 14% of the fashion retailer's market share." She added: "There are inevitably questions surrounding the motivations for this, especially considering Frasers Group already has an eclectic mix of retailers under its roof."