×
42 263
Fashion Jobs
ALICE AND OLIVIA
Sales Supervisor Dallas, tx
Permanent · Dallas
TAPESTRY
Manager, Merchandising Men's
Permanent · New York
TAPESTRY
Senior Manager, Account Management - Americas
Permanent · New York
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Phoenix
SALLY BEAUTY CORPORATE
Outside Sales Representative - Professional Beauty
Permanent · Santa Maria
BLOOMINGDALES.COM
Trade Area Asset Protection Manager: Bloomingdale’s Century City, Los Angeles ca
Permanent · Los Angeles
BLOOMINGDALES.COM
Director of Cosmetics Business Initiatives: Bloomingdale’s, New York, ny
Permanent · New York
MARC JACOB'S
Global Email & CRM Manager
Permanent · New York
MAC
Executive Director, Marketing, Mac, Travel Retail Worldwide
Permanent · New York
BUMBLE AND BUMBLE
Regional Business Consultant, Bumble And Bumble - New York City And Long Island, ny
Permanent · New York
H&M
Data Analyst, CRM
Permanent · New York
H&M
Customer Insights Business Analyst
Permanent · New York
H&M
h&m Retail Visual Manager
Permanent · Elizabeth
SAKS FIFTH AVENUE
Senior Manager, Integrated Marketing
Permanent · New York
L'OREAL GROUP
Account Executive - Sales Skinceuticals (Montgomery, al)
Permanent · Montgomery
ULTA BEAUTY
Salon Manager-Carson Valley Plaza
Permanent · Carson City
ALICE AND OLIVIA
Sales Supervisor - Alice + Olivia Jeans
Permanent · New York
RAG & BONE
Associate Product Manager
Permanent · New York
CANADA GOOSE
Digital Marketing Manager
Permanent · NEW YORK
JCPENNEY
Senior Director, Accounting & Reporting
Permanent · Plano
PUMA
sr. Public Relations Manager – Puma Hoops
Permanent · Boston
L'OREAL GROUP
sr. Manager/ Manager of Maintenance & Facilities
Permanent · Somerset

Belgium's GBL takes nearly 3 pct stake in Hugo Boss

By
Reuters
Published
today Feb 16, 2017
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Belgian holding company Groupe Bruxelles Lambert (GBL) has taken a stake of nearly 3 percent in German fashion group Hugo Boss, monthly Manager Magazin reported, citing unidentified sources.


Boss - Fall-Winter2017 - Menswear - New York - © PixelFormula


Shares in German fashion house Hugo Boss jumped more than 8 percent on Thursday after a report that the holding company of Belgium's richest man, Albert Frere, has taken a stake of nearly 3 percent and wants to increase it further.

Frere's Groupe Bruxelles Lambert declined to comment on the report in Germany's Manager Magazin, which cited unidentified company insiders. A Boss spokeswoman said no regulatory filing had been made, declining further comment.

Frere has a reputation for helping to shake up the companies in which he invests.

After he and other activist investors took stakes in Adidas in 2015, the German company appointed a new chief executive and announced plans to sell its golf business. Shares in Adidas, in which GBL still has a 5 percent stake and a representative on the supervisory board, have more than doubled since Frere invested.

Hugo Boss shares initially jumped more than 8 percent before retreating slightly. The shares were up 6.2 percent up at 63.98 euros at 1320 GMT, their highest in a year and the biggest gainer on the STOXX 600 .

Manager Magazin said that GBL has a good relationship with Boss's biggest shareholder, Italy's Marzotto family, which owns a 10 percent stake. The publicaion noted that GBL and Marzotto this month sold Italian sneaker maker Golden Goose to private equity firm Carlyle.

Hugo Boss promoted finance chief Mark Langer to chief executive last year after the departure of Claus-Dietrich Lahrs following a series of profit warnings.

Langer has announced plans to try to revive the struggling company by cutting brands, closing stores and putting the focus back on its core menswear business.



 

© Thomson Reuters 2020 All rights reserved.