Frasers CEO to become new chairman of Hugo Boss

Michael Murray, CEO of Frasers Group, is the new chairman of the supervisory board of Hugo Boss. He succeeds Stephan Sturm, who announced his resignation last Monday.

A majority stake remains the goal

British retailer Frasers Group is strengthening its hold on the German fashion group Hugo Boss with the appointment of CEO Michael Murray (who is also the son-in-law of Frasers owner Mike Ashley) as chairman, following Stephan Sturm’ s announcement of his resignation a few days ago.