Hugo Boss Stock News
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Xetra, Nov 11, 02:44 pm CET.
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Hugo Boss Stock News
German fashion group Hugo Boss cut its outlook for annual sales and operating profit on Monday, citing weak consumer demand and depreciation expenses tied to its IT assets.
Mike Ashley's Frasers said on Friday it has raised its stake in Hugo Boss to more than 50%, and that the German fashion group would become a subsidiary of the British retailer.
Murray, who has sat on Hugo Boss's supervisory board since May 2025, will succeed Stephan Sturm as chairman.
Hugo Boss has appointed Frasers CEO Michael Murray as the chairman of its supervisory board, the German fashion group said on Wednesday.
Hugo Boss Chairman Stephan Sturm will leave the company following constructive discussions amid recent changes in the company, the German fashion group said on Monday.
Mike Ashley's Frasers has raised its stake in German retailer Hugo Boss to nearly 48%, it said on Tuesday as the British retailer pushes ahead with its expansion into the luxury space.
The British retail company said it received acceptances for 12.2 million Hugo Boss shares, or about 17.62% of the German company.
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