Hudson Holdings Limited (HHL), Malta’s leading retail company have announced that Frasers Group plc, a UK-based leading global retail group, has acquired a 41.98% direct shareholding in HHL.
This is the first phase of an agreement that allows for additional staggered acquisitions, which would lead to Frasers Group holding a controlling interest in HHL.
This acquisition marks a transformative milestone for HHL. The strategic partnership will allow Hudson to leverage on their retail operational excellence, their brand portfolio and international retail concepts such as Sports Direct. The intent is to strengthen and accelerate Hudson’s retail and wholesale business which will further strengthen Hudson’s position as retail leader in Malta and a leading distributor and retailer in Africa.
As part of the transaction, Frasers has appointed four directors to the board of Hudson Holdings Limited on January 16, 2025, while George Amato and Kevin Valenzia resigned on the same date.
