Directors and staff at the German fashion retailer Hugo Boss have reached an agreement that guarantees jobs and German work sites, the private equity group that owns Hugo Boss said Wednesday March 19th.
Tension is growing at Hugo Boss against its new owner, the British investment fund Permira, with some accusing it of pillaging the German fashion retailer that has lost a top director and is set to lose another.
The German fashion house Hugo Boss might appoint Hans Fluri as interim head of the company to replace chief executive Bruno Saelzer who stepped down last week, a press report said on Wednesday February 14th.
German fashion house Hugo Boss may soon be on the look-out for acquisitions to grow and wants to buy a second brand name, the group's chairman Bruno Saelzer said in a newspaper interview published on Tuesday, July 24th.
Private equity firm Permira PERM.UL is in exclusive talks to buy more than half of famed Italian fashion house Valentino V.MI, it said on Friday, dimming the chances of a bid battle with U.S. rival Carlyle.