Further update on investment in HUGO BOSS

Summary by AI BETAClose X

Frasers Group plc announced an update regarding its investment in HUGO BOSS, confirming discussions for an orderly transition in the Chairman of the Supervisory Board role. Stephan Sturm will step down as Chairman and a member of the Supervisory Board as soon as permitted by HUGO BOSS's constitution. Frasers will also seek to appoint Robert Palmer as an additional representative on the Supervisory Board, alongside Michael Murray, the Chief Executive Officer of Frasers.

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