Hugo Boss

Sales director Oliver Timm, deputy chief executive, is leaving Hugo Boss at his own request at the end of the month. His duties will be divided between CEO Daniel Grieder and COO Ivica Maric; no direct successor will be appointed for now. The departure follows the resignation of CFO Yves Müller in September and comes against the backdrop of the takeover by Frasers and changes on the supervisory board. » More on manager-magazin.de

After the takeover by Frasers, sales chief and deputy CEO Oliver Timm will leave Hugo Boss at the end of the month at his own request. His duties will not be newly filled for the time being but will be divided between CEO Daniel Grieder and COO Ivica Maric. Timm joined Hugo Boss from Tommy Hilfiger at the start of 2021 and was appointed deputy CEO in 2024. Earlier, CFO Yves Müller had already left the company after Frasers increased its stake. » More on wiwo.de

Hugo Boss now expects EBIT of €250–300 million for the current year and forecasts a currency‑adjusted sales decline in the high single‑digit percentage range. The reasons are weaker demand, uncertainties in China, US tariffs, problems in womenswear and higher spending on artificial intelligence and IT. CEO Daniel Grieder is relying on a smaller assortment, the closure of unprofitable stores and less wholesale to stabilise margins. Major shareholder Frasers Group has increased its influence and is likely to intervene more in day‑to‑day operations if margins do not improve. » More on deraktionaer.de

The British Frasers Group now holds half of Hugo Boss's shares. Michael Murray, 37, head of Frasers and son-in-law of majority owner Mike Ashley, is effectively taking the leadership role, while CEO Daniel Grieder remains officially in office and is working closely with Murray. Meanwhile, Hugo Boss's business is performing poorly. » More on sueddeutsche.de

The Frasers Group has raised its stake in Hugo Boss to 50.08 percent, thereby taking majority control. Strategic synergies appear limited, as Frasers’ focus is on discount-oriented retail while Boss already has an extensive premium distribution network. Operationally Hugo Boss is struggling: in the first half-year revenue fell by around ten percent to €1.81 billion and EBIT by about 34 percent to €94 million, and further declines are expected for 2026. Without a clear operational turnaround, the stock looks unattractive from a valuation perspective. » More on finanzen.net