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Frasers executive David Epstein becomes Hugo Boss CEO after takeover

Reuters
Frasers executive David Epstein becomes Hugo Boss CEO after takeover

By Ozan Ergenay

Nov ‌12 (Reuters) - Hugo Boss said on Thursday CEO Daniel Grieder ​would step ‌down and leave the company ‌at his own request, effective January 1, 2027.

The German fashion group ‌said David Epstein from Frasers Group will succeed him as CEO.

Frasers Group, already Hugo Boss's largest shareholder, took ⁠majority control of the company ‌in October after raising ⁠its stake above 50%, months after ​an unsuccessful 2 billion euro takeover bid.

The move follows a ​series of leadership changes at ​Hugo ‌Boss this year. In September, the company ​named Michael Murray, chief ⁠executive of Frasers Group, ‌as chairman of ​its supervisory board.

The ​British retailer, controlled by billionaire Mike Ashley, has been expanding its presence in the premium and luxury ‌segments.

Epstein has served as chief brand partnerships officer at Frasers Group ‌since ​2024, overseeing brand partnerships across its Sport, Premium, and Luxury businesses.

(Reporting by Ozan Ergenay in Gdansk; Editing by ‌Joyjeet Das and Vijay Kishore)