Hugo Boss Chairman to Step Down Amid Frasers Ownership Push
Generated byAinvest NewsReviewed byDavid Feng
Monday, Sep 14, 2026 4:06 am ET1min read
Hugo Boss chairman Stephan Sturm will step down on October 15, following pressure from Mike Ashley's Frasers Group. The sports retailer increased its ownership stake in the luxury fashion brand to almost 48% last month and aims for majority control. Frasers will appoint a second representative to Hugo Boss's board and launch the process to find a new chairman.
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