Murray, who has sat on Hugo Boss's supervisory board since May 2025, will succeed Stephan Sturm as chairman.
Hugo Boss Chairman Stephan Sturm will leave the company following constructive discussions amid recent changes in the company, the German fashion group said on Monday.
Dario Amodei sees the need to reduce the risks that ‘something goes seriously wrong.'
The British retail company said it plans to further increase its interest in the company, including through the purchase of more shares.
Frasers Group PLC (LSE:FRAS), the British retail group, has built its ownership in Hugo Boss, the German fashion business, to 47.89% following the conclusion of its takeover offer. The company confirmed that it secured valid acceptances for 12,157,598 ordinary shares in the luxury fashion brand by the close of the transaction period.
The British retail company said it received acceptances for 12.2 million Hugo Boss shares, or about 17.62% of the German company.
Hugo Boss ETR: BOSS reported a 9% currency-adjusted decline in second-quarter sales as weak consumer demand and the company's planned strategic realignment weighed on volumes, while gross margin, inventory levels and cash generation improved.
The update comes with less than one week remaining for Frasers Group's $2.2 billion offer to take full ownership of the German company to end.
Frasers Group PLC (LSE:FRAS) has pushed its stake in Hugo Boss above 30%, clearing the threshold that triggers a mandatory takeover offer under German rules. The retail group controlled by Mike Ashley has bought a further 2.55 million shares, equal to about 3.69% of the German fashion house, after counterparties exercised put options on 17 July.
Hugo Boss asked its shareholders to reject Frasers Group's $2.2 billion takeover bid, saying it undervalued the German fashion company.
Rafael Oliveira is set to take the reins from Oct. 1, ending a period of uncertainty at the top of one of the world's largest brewers.
Shares in Hugo Boss rose about 7% on Thursday after Britain's Frasers Group launched a $2.3 billion takeover offer for the German fashion brand.