The Uninvited Investor: How Frasers' Grip on Hugo Boss Raises Questions About Corporate Governance Stephan Sturm, chairman of the supervisory board at Hugo Boss, has announced his decision to step down effective October 15th or upon appointment of a successor.
This move follows increased pressure from Frasers Group, which has steadily grown its stake in the German luxury brand since investing in 2020.
Frasers now holds around 48% of Hugo Boss shares, giving it significant sway over key decisions.