Hugo Boss

HUGO BOSS chief Daniel Grieder says the Frasers Group’s stake does not impair the company’s strategy and that they are fundamentally in agreement. Frasers recently acquired around 48 percent and is still aiming to increase its holding above 50 percent; the major shareholder has so far invested about €1.5 billion and placed Michael Murray on the supervisory board. Grieder expects to remain in office and stresses he signed on at the end of 2024 for another three years because his mission at HUGO BOSS is not yet complete. » More on finanzen.net

Yves Müller has stepped down from his board mandate at Hugo Boss for personal reasons, the company says, following the Frasers group's expansion of its shareholding. Müller had been with Hugo Boss for nearly nine years and, since 2022, was also responsible for IT, logistics, production, procurement and purchasing. On October 1, Ivica Maric from the second tier will take over the CFO role; Frasers has increased its stake to 48 percent and is seeking a majority. » More on wiwo.de

Yves Müller has resigned his board mandate at HUGO BOSS for personal reasons. From 1 October Ivica Maric, until now Executive Vice President Business Operations, will assume the roles of CFO and COO. The supervisory board and CEO thank Müller and highlight Maric’s experience in finance, operational business and in digitization and efficiency projects; the share rose slightly. » More on finanzen.net